Скачать или смотреть Sydney housing affordability better than thought (but still "impossibly unaffordable")

Despite a recent report ranking Sydney as the second-most unaffordable housing market in the world, analysis by Sydney FinTech firm, FrontYa, has shown that it depends on what data you use.

The report is the Demographia International Housing Affordability Report (DIHA), which has been running for 20 years.

FrontYa’s analysis reveals a limitation in the DIHA analysis: The median multiple metric used in the analysis combines houses and units in other countries’ data but only uses houses in Australian data.

The DIHA analysis skews Australian data towards appearing more unaffordable than other countries given the historical divergence between housing and unit price appreciation.

FrontYa's analysis includes both houses and units in Australian data, i.e., a like-for-like comparison, resulting in Sydney moving from the second-most unaffordable to the tenth-most unaffordable housing market, with a revised median multiple of 9.1 (rather than 13.8).

But with a median multiple of 9.1, Sydney's affordability still falls in the "impossibly unaffordable" category used by DIHA.

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