Australia has the highest priced housing relative to household incomes in the English speaking world, according to the 7th Annual Demographia International Housing Survey: 2011.In Australia’s major housing markets, median house prices are 7.1 times median household income, a level exceeded only by Hong Kong at 11.4.The annual survey rates city and national housing markets as follows:• Affordable, 3.0 or less.• Moderately affordable, 3.1 to 4.0.• Seriously unaffordable, 4.1 to 5.0….
