What Is The Average Cost Of A House In Australia?

What Is The Average Cost Of A House In Australia? Country Median Property Price Median Rental Price (per week) Australia$549,918 $380 New Zealand $629,000 (NZ) $515 (NZ) USA $247,084 (US) $252 (US) Canada $531,000 (CAN) $431 (CAN) Are Australian houses overpriced? Australian house prices are rising at their fastest rate in more than 17 years.

Why Is Affordable Housing A Problem?

Why Is Affordable Housing A Problem? Increasing access to affordable housing bolsters economic growth. Research shows that the shortage of affordable housing costs the American economy about $2 trillion a year in lower wages and productivity. … This would have led to a $1.7 trillion increase in income, or $8,775 in additional wages per worker.