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An international housing survey has shown that Australian houses are the most expensive in the English-speaking world.
(And of course, Perth is one of the more expensive states, out of Australian states).
"The Demographia International Housing Affordability Survey puts Sydney, Perth, Melbourne and Adelaide in the top 3 per cent of the world's most unaffordable housing markets.
The survey compared affordability by measuring median house prices against average household incomes.
It looked at 325 housing markets in Australia, Canada, Ireland, New Zealand, the United Kingdom, the United States, and Hong Kong.
Australia has what the report describes as the most intense housing stress, with homes costing six times the average household income.
Report co-author Hugh Pavletich says it is an outrage that Australia's house prices are greater than the world's most populated cities.
"Melbourne and Sydney are far more expensive in relation to wages than what London and New York are, so it's completely absurd. In fact, it's a national disgrace," he said."
(And of course, Perth is one of the more expensive states, out of Australian states).
"The Demographia International Housing Affordability Survey puts Sydney, Perth, Melbourne and Adelaide in the top 3 per cent of the world's most unaffordable housing markets.
The survey compared affordability by measuring median house prices against average household incomes.
It looked at 325 housing markets in Australia, Canada, Ireland, New Zealand, the United Kingdom, the United States, and Hong Kong.
Australia has what the report describes as the most intense housing stress, with homes costing six times the average household income.
Report co-author Hugh Pavletich says it is an outrage that Australia's house prices are greater than the world's most populated cities.
"Melbourne and Sydney are far more expensive in relation to wages than what London and New York are, so it's completely absurd. In fact, it's a national disgrace," he said."
