Mar 28, 2023
Misinformation about real estate is rife in Australia, to the extent that most of the nation’s citizens are utterly and constantly confused about what is really going on in our housing markets.
But the single worst piece of misinformation of all, among the many that afflict Australian consumers daily, is a report published each year under the title of Demographia.
Every year this report claims that Australia has the most unaffordable homes in the world, or close to it.
And that Australia’s largest cities are among the most unaffordable in the world – with Sydney currently claimed to be the second most unaffordable city on the planet.
But here’s the key point: this report doesn’t produce any evidence to back up its spectacular claims about where Australia sits in the world of real estate.