Property & Housing
Sydney Named World's Second Most Unaffordable Place to Live as Four Australian Capitals Labelled "Impossibly Unaffordable"
Four of Australia's five capital cities have been labelled impossibly unaffordable in a new global housing assessment, with Sydney ranked second in the world, behind only Hong Kong.
Australia's housing crisis has been laid bare, with four of the nation's five capital cities labelled "impossibly unaffordable" in a new global housing assessment.
Sydney second only to Hong Kong
Sydney was named the second most unaffordable place to live in the world, ranking only behind Hong Kong.
Adelaide, Brisbane and Melbourne in the top ten
Adelaide, Brisbane and Melbourne were all ranked among the ten worst housing markets globally, placing fourth, eighth and ninth respectively.
Least affordable housing markets
- 1Hong Kong
- 2Sydney
- 3San Jose
- 4Adelaide
- 5Vancouver
- 6Los Angeles
- 7Honolulu
- 8Brisbane
- 9Melbourne
- 10San Francisco
Ranking as reported by 7NEWS.
How the ranking was made
The report compared median incomes in each market with the cost of buying a home.
Part of the solution
AusMod20K: 20,000 modular homes for Australia
AusMod20K is a consortium-led program targeting 20,000 social and affordable homes across Australia by 2030, aligned with the National Housing Accord. Homes are designed and certified to Australian standards in Australia, manufactured offsite in Vietnam, and rapidly assembled on site in Australia, cutting construction timelines by around 30% compared with traditional building.
We are inviting suppliers and partners to join the program.