Taking Australia's eight capital cities as an example, the proposed approach is validated in terms of an empirical study. The results show that a 1–1–2–4 diffusion pattern exists within these cities. Sydney is on the top tier with Melbourne in the second; Perth and Adelaide are in the...
Property prices in Sydney were 12.9 times higher than median income, the survey found, while in Melbourne house prices were almost 10 times higher than household income. Australia was ranked as the third least affordable region behind China's Hong Kong and New Zealand. Wendell Cox and Hugh Pav...
90 Sydney, NSW, Australia 11.8 85 San Francisco, USA 9.6 83 L.A., USA 8.9 82 London , UK 8.2 50 Singapore 4.7 demographia.com/dhi2021.pdf Taiwan gov. pip.moi.gov.tw Unmonitored speculation, low housing supply, and a long tradition of homeownership pushed house prices in Taiwan, partic...
Australian Prime Minister Anthony Albanese gestures during a press conference in Logan City, near Brisbane, Tuesday, Oct. 15, 2024. (Darren England/AAP Image via AP) MELBOURNE, Australia (AP) — Australian Prime Minister Anthony Albanese has been criticized for buying...
This paper examines trends in house prices and affordability in Melbourne. Using previously unpublished, detailed data from the Victorian Valuer General's Office, we plot price movements by suburbs, and locate these changes in the context of broader economic and policy developments. We show that dur...
House prices rose in 49 countries, and declined in only 9, of the 58 world’s housing markets which have so far published housing statistics during Q2 2022. But this is actually an illusion! High inflation in most countries makes it appear that house prices are still rising strongly. ...
In nearly two-thirds of the metro areas tracked by NAR, prices posted double-digit gains. The biggest gainers were Bridgeport, Conn., where the median price rose 27.3%, and Crestview, Fla., up 27.1%. My thoughts: 1. The NAR tracks the median price of homes sold, which depends on the...
Other Asia Pacific markets in the severely unaffordable bracket include New Zealand’s largest city, Auckland (10.8), followed by Australia’s Melbourne (9.9), Adelaide (8.2), Brisbane (7.4) and Perth (5.4). Singapore, meanwhile, saw its multiple dip from 5.8 last year to 5.3 as it clu...
Examining building age, rental housing and price filtering for affordability in Melbourne, Australia. Urban Stud. 2020, 58, 809–825. [Google Scholar] [CrossRef] Sun, J.W.; Xing, X.X.; Xi, Q.M.; Shi, W.H. Impact of urban form on housing affordability stress in Chinese cities: ...
Amid Australia’s surging house prices, rental housing has become the safety net for young adults experiencing housing stress. The attention of policymakers is drawn towards the build-to-rent (BTR) housing model, a growing housing option for many young Australian adults. Although BTR’s integration...