Sydney ranked world's second most unaffordable city
Four of Australia's five capital cities have been labelled impossibly unaffordable in a new global housing assessment, with Sydney ranking as the world's second most unaffordable place to live behind Hong Kong. Adelaide, Brisbane and Melbourne all featured in the top 10 worst rankings, with the report comparing median incomes against home purchase costs. The findings coincide with another interest rate rise, adding over $100 per month to average mortgage repayments.
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