Housing affordability in a global context

Housing affordability in a global context

We wrote about how Sydney property prices made the news last week and wondered, where does Australian property sit in a global context? So we created another interactive chart for our library that examines that exact question, looking at prices against average income in six nations: Australia, Canada, Great Britain, Hong Kong, New Zealand and the USA.Since the last financial crisis - with the exception of the United States - property has become more expensive across the globe in terms of income, not just here in Australia. More expensive until you add a splash of debt, that is: property in Australia is actually more affordable than it was a decade ago provided new buyers are willing and able to take on more debt than those who bought befo …

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