Austria has the best housing system. Housing cost in Vienna has remained around 25% of their income and they have largely avoided house price inflation.
REGAL LONDON WINS AN AWARD FOR THE BEST SOCIAL HOUSING IN EUROPE. Regal London, working in partnership with Central & Cecil Housing Trust (C&C), has won the Award for Best Social Housing in Europe at The International Property Awards. Grace House will provide 170 affordable apartments for over 55s.
Austria has the best housing system.
Its capital and most popular city, Vienna, holds one of the world's strongest social housing portfolios and systems.
Western Australia has retained the title of most affordable place in the country for renting and is the most affordable state in the country for housing, according to a new report by the Real Estate Institute of Australia (REIA).
Australia's current housing crisis is driven by the nation's unique demographics and a shortage of available residential land near jobs and services, with the impact of interest rates and government homebuyer subsidies often overstated.
Why are Australian houses so expensive? Australian house prices have been steadily rising year on year as a growing population lifts demand for housing while supply has not kept up with the requirement. A decline in interest rates over the last two decades has also boosted the number of buyers in the market.
The 2023 Demographia International Housing Affordability Scheme report found that all five of Australia's major property markets - Sydney, Melbourne, Brisbane, Adelaide, and Perth - had been "severely unaffordable" since the turn of the millennium.
Sydney's housing market has been ranked the second least affordable in the world, according to the Demographia International Housing Affordability 2023 report. The report found Sydney's median house prices were six times the rate of inflation when measured by the Consumer Price Index.
Back in 2020, Hong Kong was crowned the “world's most expensive real-estate market” by CBRE Global Living, calculating the average property prices to be in the range of $1.25 million.
Istana Nurul Iman Palace, the official residence of the Sultan of Brunei, Hassanal Bolkiah, is the largest house in the world, spread over 2.15 million square feet.
Leading apartment owners in the U.S. 2022, by units owned
Starwood Capital Group, which was the largest owner in 2022 with 115,000 units, is a private investment firm headquartered in Miami, Florida.
High house prices in Australia are primarily driven by supply and demand imbalances, tax policies, low-interest rates, and rising household debt.
Australia is heading towards a severe housing crisis, with a projected shortage of 106,000 homes by 2027.
Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices. What matters for rents, as for any price, is the demand for and the supply of the product being priced. More demand (more renters wanting properties) and the price climbs.
Known as Australia's 'Sunshine State,' Queensland towns and cities are some of the most liveable in the world. The state offers a high standard of living with: a stable economy. affordable housing.
Sydney is still the most expensive city in Australia — you'll pay around a quarter more for living expenses in Sydney than if you lived in Darwin or Melbourne, and even more if you stayed in Adelaide or Hobart. The overall costs of living in Adelaide and Hobart are very similar.
After Hong Kong, New Zealand and Australia were the least affordable countries overall in the study which looked at the U.S., Canada, the UK, Hong Kong, Singapore, Australia, New Zealand and Ireland. This chart shows the places where it's hardest to afford a home (2023).
European countries such as Switzerland, Sweden, Spain, the United Kingdom and Germany all scored a top place for the highest quality environments. Take a look at the world's cleanest countries below...