In the latest Demographia International Housing Affordability Survey, Australia is the most over-priced nation and thus least affordable in the study, with five of the top six cities surveyed also being Australian. The survey, which covers 272 markets in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States, is now in its 6th year.
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What is the state of the Australian real estate market? Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes in his View from the Bridge column looks at rental prices, the first home owners grant, coastal areas, price reductions, the sale of LJ Hooker, International Monetary Fund, and household debt.
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