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


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](

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[^1^]: [PRD Report on Affordable Housing](

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.

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  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!!

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