in

Only 18% of income earners meet the affordability criteria for the cheapest house price range, as per analytics.

**Title:** The Rising Challenge of Affordable Housing in Australia: Insights from PRD Report

**Description:**

Are you struggling to find an affordable home in Australia? Discover the latest findings from PRD’s comprehensive report, shedding light on the increasing difficulties faced by Australians when it comes to homeownership in affordable suburbs. The Australian Taxation Office (ATO) breakdowns disclose astonishing figures, with the average price of the cheapest home soaring to a staggering $700,000. Shockingly, only 18% of income earners can actually afford such properties[^1^].

According to PRD’s report, Brisbane and Gold Coast suburbs could soon become entirely unattainable for potential buyers, pricing them out of the market altogether[^1^]. On the contrary, Adelaide and Perth emerge as more feasible options, boasting the most affordable suburbs, while Sydney continues to be notoriously expensive[^1^].

If you want to stay up-to-date on the latest real estate trends and ensure you make informed decisions, this video is a must-watch. Don’t let the challenging housing market catch you off guard. Tune in now to learn more about the evolving landscape of affordable housing in Australia.

[Click here to read PRD’s full report](https://www.examplelink.com)

[Subscribe to our channel](https://www.youtube.com/channel/123456789) for more engaging content on the Australian housing market.

**Tags:**
6329107918112, business, fb, msn, realestate, yt

**Sources:**
[^1^]: [PRD Report on Affordable Housing](https://www.examplelink.com)

Australians are finding it increasingly hard to snap up a good home in affordable suburbs as the ATO breakdowns reveal the cheapest home is averaging $700,000 which only 18 per cent of income earners can afford.

A new report from PRD has revealed buyers could soon be priced out of Brisbane and Gold Coast suburbs.

The report found Adelaide and Perth had the most affordable suburbs with Sydney as the most expensive.

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

21 Comments

  1. Imagine being so spoiled so to consider that unaffordable…. the minimum wage in Australia is 38k a year thats just the minimum wage
    So if a house costs 700k all you gotta do is save 18 years worth of an income… (or just take a 30 year mortgage…)
    Dual income households are quite common and
    So it's reasonable to assume 9 years worth of wages to buy a 700k house…
    (Or paying a third of your income 13k for 50 years)
    Now sure that sounds like a lot
    But with a dual income household it will only take around 25 years
    (Not including interest but also such factors as inflation and appreciation…)

    And that's the wcs btw… that's assuming you'll stay with a minimum wage income while in reality most earn more and more with time experience and etc…

    So is it ideal cheap… nope but it's also quite reasonable

  2. Hmmmm, I wonder what the problem could possibly be here? Could it simply be that house prices are grossly inflated from their true values? Nah, surely the answer can't be that simple…. Oh well, better keep kicking the can down the road!!

  3. I noticed general sky news covered the russia plane story but not AU sky. Covered it well they i had a quote from the report. America is monitoring the situation closely. Russia and India will assure the passengers reach their destination when the parts for the aircraft arrive through the sanction stuff. Let me get the quote

  4. How to go to Heaven

    We have all sinned against God’s 10 commandments and need to be saved from hell. To be forgiven of all your sins by God, believe that Jesus Christ, the Son of God, died on the cross for your sins and rose again. It’s that easy; all you must do is believe that Jesus paid for all your sins. We cannot earn our way to Heaven by our good deeds. The Bible says “For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast” (Ephesians 2:8-9).

G2 Reach: The Current State of Venture: More Challenging and Grittier, with Accel, Iconiq & Salesforce Ventures as Key Players

Deciphering Tech Companies’ AI Pledges to the White House: A Comprehensive Analysis