Australian Property

Sydney houses now 14-times average gross salaries!

Leith van Onselen
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By Leith van Onselen

Back in January, CoreLogic released its Quarterly Mapping the Market Report, which showed the the complete absence of affordable housing across Sydney:

ScreenHunter_16947 Jan. 18 15.38

Then in February, CoreLogic released another depressing report showing that there are now more Sydney suburbs with a median house price of more than $2 million than there are suburbs with a median house price below $600,000:

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ScreenHunter_17558 Feb. 20 16.43

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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.