Sydney has the second least affordable housing in the world: study

By Latika Bourke
Updated January 25 2017 - 6:08am, first published 5:18am
Australia had five cities in the top 20 least affordable cities.  Photo: Rob Homer
Australia had five cities in the top 20 least affordable cities. Photo: Rob Homer

Australia is a world leader in "severely unaffordable" housing, a study of global housing markets has found, with Sydney the second most unaffordable major housing market in the world, coming behind only Hong Kong.