Sydney ranked world’s second most unaffordable city | 7NEWS

60 minutes ago The News Room

Four of Australia’s five capital cities have been labelled impossibly unaffordable in a new global housing assessment, with Sydney ranking as the world’s second most unaffordable place to live behind Hong Kong. Adelaide, Brisbane and Melbourne all featured in the top 10 worst rankings, with the report comparing median incomes against home purchase costs. The findings coincide with another interest rate rise, adding over $100 per month to average mortgage repayments.

Subscribe and set 🔔 » https://7news.link/YTSubscribe |

For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7Plus » https://7plus.com.au/
7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi
Facebook » https://www.facebook.com/7NewsAustralia
TikTok » https://www.tiktok.com/@7newsaustralia
Instagram » https://www.instagram.com/7newsaustralia/
X » https://x.com/7NewsAustralia

7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus.

#BREAKINGNEWS #7NEWS