INTHEBLACK May 2022 - Magazine - Page 10
GET
SMART
MAY 2022
COMPILED BY SUSAN MULDOWNEY
COST OF LIVING HITS HOME
As the cost of living continues to
rise, two Australian cities are now
among the least affordable in the
world to buy a house. Demographia’s
International Housing Affordability
2022 Edition shows the median price
of houses in Sydney was 15 times
more than the average household
income in 2021. In Melbourne, it was
12 times more.
However, Hong Kong continues to
top the list, with the median price
of houses more than 23 times the
average household income.
10 ITB May 2022
FIVE LEAST AFFORDABLE CITIES TO BUY A HOUSE:
Nation
Metropolitan city
Median multiple
1
China
Hong Kong
23.20
2
Australia
Sydney
15.30
3
Canada
Vancouver
13.30
4
US
San Jose
12.60
5
Australia
Melbourne
12.10
READ THE SURVEY HERE