The shocking absence of affordable housing in Sydney

Tuesday 18 October 2016

CoreLogic has released its Quarterly Mapping the Market Report, which includes the below stunning graphic showing the absence of affordable housing across Sydney:

Quite spectacular, isn’t it? For a family seeking a house to live in, they would need to stump up nearly $1 million (plus stamp duty) to purchase anything within 20 kilometres of the CBD. Even if they spread-out to within 50 kilometres or more of the CBD, they would be hard pressed to find anything that one could reasonably classify “affordable” to those on median incomes.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.