Australian housing isn’t as “impossibly unaffordable” as an international survey claimed last month because the US-based Demographia report only considered the value of detached houses and not apartments in its latest annual ranking.
A revised comparison by finance company FrontYa of Sydney’s median dwelling price – not house price – to median household incomes cut the price to income ratio in the NSW capital from the 13.8 times Demographia’s report claimed to 9.1 times.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
