it has nothing to do with "how much does a house costs" ... it...

it has nothing to do with "how much does a house costs" ... it is about the multiples of income in the region !

it IS an AFFORDABILITY INDEX (not "where it is most expensive" index)

i would think that would be fairly easily spotted...its on page 38 of the report!


Median Multiple (Median Price Median Household Income)

Adelaide 7.4 $370,000 $49,800
Ballarat 4.9 $224,200 $46,100
Brisbane 6.7 $430,000 $63,800
Bunbury 5.5 $365,000 $66,800
Bundaberg 7.0 $269,000 $38,700
Cairns 5.9 $355,000 $60,100
Canberra 5.8 $484,000 $83,700
Darwin 7.1 $499,000 $70,600
Geelong 6.0 $295,000 $48,900
Gold Coast , QLD-NSW 8.6 $480,900 $55,600
Hobart 6.8 $347,500 $50,900
Launceston 6.1 $265,400 $43,700
Mackay 5.9 $386,000 $65,000
Mandurah 7.1 $380,000 $53,300
Melbourne 8.0 $480,000 $60,000
Newcastle 7.2 $355,000 $49,000
Perth 6.9 $460,000 $67,100
Rockingham 5.4 $306,000 $56,300
Sunshine Coast 9.0 $460,000 $50,900
Sydney 9.1 $569,000 $62,400
Toowoomba 5.4 $279,000 $52,000
Townsville 5.8 $365,000 $63,000
Wollongong 7.5 $390,000 $51,700
National Median 6.8



"The principal sources were as follows:
AMP Banking (Australia)
Australian Bureau of Statistics
Australian Property Monitors
Housing Industry Association (Australia)
Property Council of Australia
Real Estate Institute of Australia
Real Estate Institute of New South Wales
Real Estate Institute of Northern Territory
Real Estate Institute of Queensland
Real Estate Institute of Tasmania
Real Estate Institute of Victoria
Real Estate Institute of Western Australia
Reserve Bank of Australia
Residential Property Council, Division of the Property Council of Australia
RP Data (realestate.com.au)
Urban Development Institute of Australia"