According to the study undertaken by Demographia, Sydney has been named as the second most expensive city in the world and "severely unaffordable" when it comes to the cost of housing, the only place more expensive is Hong Kong. Melbourne came in at six in the study, while Adelaide, Brisbane, and Perth were all ranked in the top 20 most expensive. Since Sydney and Melbourne's houses are expensive, it could be reasonable for their ranking. What are the reasons of Adelaide, Brisbane and Perth are also being severely unaffordable? In an interview with Ivan Leung, Kam Yuen from CoWealth investment has the answer.
According to the study undertaken by Demographia, Sydney has been named as the second most expensive city in the world and "severely unaffordable" when it comes to the cost of housing, the only place more expensive is Hong Kong. Melbourne came in at six in the study, while Adelaide, Brisbane, and Perth were all ranked in the top 20 most expensive. Since Sydney and Melbourne's houses are expensive, it could be reasonable for their ranking. What are the reasons of Adelaide, Brisbane and Perth are also being severely unaffordable? In an interview with Ivan Leung, Kam Yuen from CoWealth investment has the answer.
