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.
