Do we really have one of the world’s most expensive real estate markets? (part 1)

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Each year we encounter headlines which list Australia as one of the least affordable housing markets in the world. The reports are based on the Annual DemographiaInternational Housing Affordability Survey which is released annually. The survey covers 325 ‘markets’ in Australia, Canada, Hong Kong, Ireland, New Zealand, UK, and USA. The latest report condemns Sydney as thesecond least affordable market behind Hong Kong which ranks as the least. (Melbourne doesn’t fare much better – coming in at number 321.)

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