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Are homes now impossibly unaffordable

In a recent article in the Australian Finacial Review Sydney, Melbourne and Adelaide have won the dubious new accolade of “impossibility unaffordable”. According to the recent Demographia international housing affordability report buyers are now having to pay more than nine times the median household income to purchase a median-priced home. The full article can be found here including the views of CEO Brian Haratsis on the feasibility of the Victorian state governments new housing targets.




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