A report in the property section states that:
Melbourne has scored near the bottom of an international ranking of housing affordability, stoking fears runaway house prices have made Australia a less equitable country.Now we kind of already knew this, which is why Hobart seemed a more logical choice if we were interested in purchasing a property of our own, but:
Sydney ranks among the least affordable places, with a 0 out of 5 rating, on a par with San Francisco and Hong Kong, while Melbourne, Brisbane, Adelaide, and Hobart have a rating of 1.
This suggests it's not much better anywhere in Australia.
Adam
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