{"id":16554,"date":"2019-01-25T10:48:37","date_gmt":"2019-01-24T21:48:37","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16554"},"modified":"2019-01-25T10:48:37","modified_gmt":"2019-01-24T21:48:37","slug":"australia-named-second-least-affordable-housing-market-in-the-world","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australia-named-second-least-affordable-housing-market-in-the-world\/","title":{"rendered":"Australia named second least-affordable housing market in the world"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Australia\u2019s five major housing markets (Sydney, Melbourne, Adelaide, Brisbane and Perth) were all listed as severely unaffordable<\/strong><\/p>\n<h3>The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third.<\/h3>\n<p>The survey uses a measurement of \u2018median multiple\u2019 to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and the World Bank.<\/p>\n<p>From there the markets are ranked from \u201caffordable\u201d (3.0 or less) to \u201cseverely unaffordable\u201d (5.1 and over).<\/p>\n<p>The report assessed 239 urban markets in nine countries: Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, United Kingdom and the United States, as of the third quarter of 2018.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-143964 size-full\" src=\"https:\/\/s3-ap-southeast-2.amazonaws.com\/eliteagentlive\/wp-content\/uploads\/2019\/01\/22152652\/Graph1.jpg\" sizes=\"(max-width: 455px) 100vw, 455px\" srcset=\"https:\/\/s3-ap-southeast-2.amazonaws.com\/eliteagentlive\/wp-content\/uploads\/2019\/01\/22152652\/Graph1.jpg 455w, https:\/\/s3-ap-southeast-2.amazonaws.com\/eliteagentlive\/wp-content\/uploads\/2019\/01\/22152652\/Graph1-300x138.jpg 300w\" alt=\"\" width=\"455\" height=\"210\" \/><\/p>\n<p>READ MORE VIA <a href=\"https:\/\/eliteagent.com\/australia-named-second-least-affordable-housing-market-in-the-world\/\">ELITE AGENT<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/BsJQTLTl5dz\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Australia\u2019s five major housing markets (Sydney, Melbourne, Adelaide, Brisbane<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australia-named-second-least-affordable-housing-market-in-the-world\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":16555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478099933,478098566,478103336,478098519,478099624,478098535,478098954,478099622,478103337,478099562,478098537,478098861,478098556,478098513,478098579,478098510,478098514,478098509,478103335,478100872,478098536,478098618,478103166,478100432],"class_list":["entry","author-wpcomsupport","post-16554","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-canada","tag-first-home-buyers","tag-gross-annual-median-household-income","tag-home-ownership","tag-hong-kong","tag-house-prices","tag-housing-affordability","tag-ireland","tag-japan","tag-median-house-price","tag-melbourne","tag-new-zealand","tag-nsw","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate-news","tag-second-least-affordable","tag-singapore","tag-sydney","tag-sydney-property","tag-united-kingdom","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia named second least-affordable housing market in the world - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/australia-named-second-least-affordable-housing-market-in-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia named second least-affordable housing market in the world - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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