That’s based on analysis by the National Housing Finance and Investment Corporation, which looked at both first-home purchase and rental affordability around Australia. It differs from other housing analysis because it looks at affordability by income segment rather than assuming an average or median income.
However, the only Australian capital cities that came close to this were Perth and Adelaide, while regional Western Australia and South Australia had a wide range of property available for most income groups. Hobart and regional Tasmania were among the least affordable markets in Australia relative to local incomes.
Nick Langley, 32, recently bought a two-bedroom flat, in an older-style block of six in Summer Hill in Sydney’s inner west, for between $650,000 and $700,000.
niltiac Nothing surprising here.What is not mentioned in this article is that most of the property owners are public servants who earn their living off taxpayers as well as earn income by renting property to the immigrants.Stop them from owning multiple properties. Affordability solved.
niltiac Most of Sydney is uninhabitable anyhow.
niltiac blame the banks...
niltiac Yet Murdoch’s rags spin this terrible situation into a fairytale for those lucky enough to be in the right place at the right time
niltiac The Morrison Government has done nothing assist first home buyers AlboForPM
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