'Crisis situation': Australia third least affordable place to buy house

By Kate Burke
Updated January 25 2018 - 11:28am, first published 11:19am
Flinders Street Station and City Skyline, Melbourne Melbourne World's Most Liveable City 7th Year.?? credit Visit Victoria
Flinders Street Station and City Skyline, Melbourne Melbourne World's Most Liveable City 7th Year.?? credit Visit Victoria

Housing affordability in Australia has reached a 'crisis' point, with people paying up to almost 13 times their annual income to purchase a house, a new survey has found.

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