Serverly unaffordable housing markets

The Demographia International Housing Affordability Survey uses the "median multiple" (median house price divided by median household income) to assess housing affordability.


The 64 severely unaffordable markets (with median multiples of 5.1 or higher) include 24 in Australia, 16 in the United States, 10 in the United Kingdom, 7 in New Zealand, 4 in Canada and 3 in Ireland.


Here is the list, with the rank, country, metropolitan area and median mutiple:


1 Australia: Sunshine Coast, 9.6


2 United States: Honolulu, 9.1


3 Australia: Gold Coast, 8.7


4 Canada: Vancouver, 8.4


5 Australia: Sydney, 8.3


6 United States: San Francisco-Oakland, 8.0


7 United States: San Jose, Calif., 7.4


7 Canada: Victoria, 7.4


9 United States: San Luis Obispo, Calif., 7.3


10 Australia: Bundaberg, Queensland, 7.2


10 United States: Los Angeles, 7.2


12 Australia: Adelaide, 7.1


12 Australia: Melbourne, 7.1


14 Australia: Mandurah, 7.0


14 United States: New York, 7.0


16 United Kingdom: Belfast, 6.9


16 United Kingdom: London, 6.9


16 United States: Santa Cruz, Calif. 6.9


19 Canada: Kelowna, B.C., 6.8


19 United Kingdom: Southwest Region, England, 6.8


19 Australia: Wollongong, New South Wales, 6.8


22 United Kingdom: London Exurbs, 6.7


23 Australia: Newcastle, New South Wales, 6.6


23 New Zealand: Taraunga-W. Bay of Plenty, 6.6


25 Canada: Abbotsford, B.C.: 6.5


26 New Zealand: Auckland, 6.4


26 Australia: Perth, 6.4


28 Australia: Brisbane, 6.3


29 Australia: Hobart, Tasmania, 6.2


30 Australia: Cairns, 6.1


30 New Zealand: Christchurch, 6.1


32 Ireland: Dublin, 6.0


32 Australia: Geelong, 6.0


34 United Kingdom: Aberdeen, Scotland. 5.9


34 Australia: Albury-Wodonga, 5.9


34 Australia: Darwin, 5.9


34 Australia: Rockhampton, 5.9


34 United States: San Diego, 5.9


34 New Zealand: Wellington, 5.9


40 Australia: Mackay, Queensland, 5.8


41 Australia: Townsville, Queensland, 5.7


42 United States: Bridgeport, Conn., 5.6


42 Ireland: Galway, 5.6


42 Australia: Launceston, Tasmania, 5.6


42 Australia: Maitland, New South Wales, 5.6


42 United States: Miami-West Palm Beach, 5.6


47 United States: Boulder, 5.5


47 New Zealand: Dunedin, 5.5


47 United Kingdom: Edinburgh, 5.5


47 United States: Santa Rosa, Calif., 5.5


51 Ireland: Cork, 5.4


51 United States: Oxnard, Calif., 5.4


51 United Kingdom: Wales, 5.4


54 United States: Boston, 5.3


55 Australia: Bunbury, Wash., 5.2


55 New Zealand: Hamilton-Waikato, 5.2


55 New Zealand: Napier-Hastings, 5.2


55 United States: Seattle-Tacoma, 5.2


55 United Kingdom: W. Midlands Region, England, 5.2


60 Australia: Canberra, 5.1


60 United Kingdom: East Midlands Region, England, 5.1


60 United States: Eugene, Ore., 5.1


60 United Kingdom: Perth, Scotland 5.1


60 Australia: Toowoomba, Qeensland, 5.1

(Source: Vancouver Province)