From the Desk of Sean Summerville,
Australian Property Market UNAFFORDABLE : HERE’S PROOF!
Sean Summerville here,
I hope you’re sitting down…
I have just finished trying to digest the 13th Annual Demographic International Housing Affordability Survey 2017. It covers 406 metropolitan housing markets in 9 countries and to compare “affordability”, they divide the median house prices by the median household income.
It was hard to digest because the news was not exactly palatable.
I’ll cut to the chase … this survey confirms what Australians have been saying all along. That, when it comes to the Australian property market, we are in for a world of pain!
Read more: [DISASTER ALERT!] Australitan Property Market Crash