A grim illustration exposing our national shame has gone viral online, with three Australian cities here ranked among the worst in the world.
This grim map shows the least affordable housing markets in the world, with three Australian cities featuring. Ms Ezzy conducted suburb-level analysis of movements in house and unit prices and found 88.4 per cent of Australia’s 4625 suburbs saw values rise across the past year. CoreLogic used the same suburb-level analysis to determine that 94.2 per cent of all Aussie suburbs saw an increase in rent prices nationally.Finding a rental – let alone an affordable one – is an increasingly tough proposition across Australia. Picture: NCA NewsWire / Luis Ascui
The index, which measures the share of advertised rentals that households of all incomes can afford to lease, shows renters in New South Wales, Tasmania and Queensland are having the toughest time.