An international house price survey has found homes in Australia are
the most unaffordable in the English-speaking world.
Report co-author Hugh Pavletich says it is an outrage that Australia's
house prices are greater than the world's most populated cities.
"Melbourne and Sydney are far more expensive in relation to wages than
what London and New York are, so it's completely absurd. In fact, it's
a national disgrace," he said.