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HOUSING: Australia has the least affordable housing

Patrick J. ByrneFeb 19, 20114 min read

Australia has the highest priced housing relative to household incomes in the English speaking world, according to the 7th Annual Demographia International Housing Survey: 2011.In Australia’s major housing markets, median house prices are 7.1 times median household income, a level exceeded only by Hong Kong at 11.4.The annual survey rates city and national housing markets as follows:• Affordable, 3.0 or less.• Moderately affordable,…

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