Perth – Australia’s 2nd Most Affordable Housing Market
Australia’s most unaffordable housing markets:
SYDNEY: Debt-to-income ratio of 11.3 based on median house and unit price of $1,122,430 and NSW average, full-time salary of $98,675
BRISBANE: Debt-to-income ratio of 8.2 based on median house and unit price of $796,818 and Queensland average, full-time salary of $97,115
ADELAIDE: Debt-to-income ratio of 7.9 based on median house and unit price of $721,376 and South Australian average, full-time salary of $91,026
MELBOURNE: Debt-to-income ratio of 7.9 based on a median house and unit price of $777,250 and Victorian average, full-time salary of $98,358
CANBERRA: Debt-to-income ratio of 7.8 based on a median house and unit price of $842,971 and Australian Capital Territory average, full-time salary of $107,484
HOBART: Debt-to-income ratio of 7.5 based on median house and unit price of $651,807 and Tasmanian average, full-time salary of $86,819
PERTH: Debt-to-income ratio of 6.1 based on a median house and unit price of $676,823 and West Australian average, full-time salary of $110,282
DARWIN: Debt-to-income ratio of 5 based on a median house and unit price of $501,520 and Northern Territory average, full-time salary of $98,342
Source: CoreLogic median dwelling price for January (houses and units) and Australian Bureau of Statistics total average, weekly ordinary time earnings (seasonally adjusted) including overtime and bonuses for May 2023