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Most analysts are forecasting Perth to fall and Sydney to rise over the next few years. See this thread for details: http://www.somersoft.com/forums/showthread.php?t=38039 Cheers, Shadow.

Hi Kenneth, Housing is included in the Mercer cost of living calculation. It includes housing, transport, food, clothing, household goods and entertainment. These all contribute to affordability and in fact I think this is a better measurement than the Demographia method, because these...

Sorry Kenneth & Nth Brisbanite, but this is simply wrong. As I have pointed out before (in another thread) the Demographia survey does not rank Sydney the 7th most unaffordable city in the world. It ranks Sydney 7th most unaffordable against the following countries: Canada, Ireland, NZ...

Hi Kenneth, I think my main point is that there are plenty of cheap properties that FHBs can buy. If they are willing to do without the McMansion and Plasma and expensive car, and instead buy a modest unit, or small home in the outer suburbs, then there are certainly plenty of affordable...

So... I think what that shows, is that despite the cost, many FHBs are still able to buy these properties. Therefore the real problem problem appears to be lack of supply (or too much demand), rather than affordability... Cheers, Shadow.

Hi hobo-jo, I just did a quick search on RealEstate.com for properties in Parramatta and surrounding suburbs, between $100,000 and $200,000. It came up with 50 hits. I just choose Paramatta as a random example since it is neither a very high-end or a very low-end suburb... somewhere in the...

Hi Kenneth, That is exactly what it means. By definition, the median price means that there are the same number of houses below this price as there are houses above this price. Therefore approx. 50% of all houses are available for less than the medium price. Meaning that there are plenty of...

I have to say I agree with most of the posters here. There is no such thing as an affordability crisis if FHBs would simply lower their expectations... no you can't have the big car and plasma TV and brand new high-end furniture, as well as the $500K McMansion as your first home. I rented...