Source: Maverick StrategiesA new report measuring housing affordability in states has found Brisbane has the second most unaffordable homes in the country.
- Just 9.8pc of Brisbane houses ‘affordable’
- Second to Perth, with 5.5pc affordability
- COAG report measures state performance
BRISBANE has the nation’s least affordable homes after Perth, with nine out of 10 city dwellers paying over-the-top house prices.
One in five Queenslanders on moderate incomes buy homes within their means but when it gets to Brisbane just 9.8 per cent of houses are affordable.
This cost of living squeeze is detailed in a series of reports out today and backs up what many Queenslanders are feeling.
Brisbane is second only to Perth, which has just 5.5 per cent home affordability.
The Council of Australian Government’s (COAG) Reform Council’s first baseline performance report compiles data for all state and territory governments and the Federal Government.
It measures them on their performance in key areas such as housing affordability.
The report says that in Brisbane “the typical home price was the same as Sydney” but there was less diversity in the market and “income levels were much lower than in Sydney”.
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