In order of MOST to LEAST affordable, the list is as follows:
1) Dallas/Ft. Worth (median house price of 2.5 times local median income)
2) Sarasota, FL (5.7)
3) Leicester, UK (6.0)
4) Christchurch, NZ (6.6)
5) New York (7.0)
6) London (7.7)
7) Sydney (8.6)
8) Belfast (8.8)
9) Bournemouth (8.9)
10) Los Angeles (11.5)
Source: Demographia http://www.demographia.com/dhi.pdf
All but the Metroplex, which is characterized as "affordable", are listed as "severely unaffordable." What's that about de-coupling?
1) Dallas/Ft. Worth (median house price of 2.5 times local median income)
2) Sarasota, FL (5.7)
3) Leicester, UK (6.0)
4) Christchurch, NZ (6.6)
5) New York (7.0)
6) London (7.7)
7) Sydney (8.6)
8) Belfast (8.8)
9) Bournemouth (8.9)
10) Los Angeles (11.5)
Source: Demographia http://www.demographia.com/dhi.pdf
All but the Metroplex, which is characterized as "affordable", are listed as "severely unaffordable." What's that about de-coupling?
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ReplyWho would have thought that housing unaffordability in my home town is now higher than where I live now? "If only" I had of invested in property in a sleepy town of Bundaberg where I grew up I would have been far better off now.
ReplyJust goes to show, your Mum knows best when she tells you she doesn't want you moving to be big city...