The new Demographia report on affordability has been released, and there's a bit of coverage at The Age.
To save you reading, the top ten most expensive markets (median multiple in brackets) are:
What amazes me is the difference between Demographia's figure for Sydney (rising to 9.6 times), and Rismark's figure of 4.4 times household disposable income, and falling from 4.6 times last year. Either Demographia have really messed things up, or Rismark are cooking the books something chronic.
To save you reading, the top ten most expensive markets (median multiple in brackets) are:
- Hong Kong (11.9)
- Sydney (9.6)
- Vancouver (9.5)
- Bournemouth and Dorset (9.3)
- Coff's Harbour (9.1)
- Melbourne (9.0)
- Honolulu (8.5)
- Sunshine Coast (8.4)
- Warwickshire (8.1)
- London / Plymouth and Devon (tie) (7.9)
What amazes me is the difference between Demographia's figure for Sydney (rising to 9.6 times), and Rismark's figure of 4.4 times household disposable income, and falling from 4.6 times last year. Either Demographia have really messed things up, or Rismark are cooking the books something chronic.