Unaffordability of Sydney homes is a real-time future crisis

November 4, 2026 — 5:38pm

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Sydney’s property market was a badge of pride, with the weather, harbour, coast and mountains making our city Australia’s best “des res”. But unaffordability has turned it into something of a bleak house.

The share of average household earnings needed to service a new mortgage on a median-priced home has reached 30.7 per cent – far more than the rest of Australia and the highest level since the 1990s. The media has been inundated with worried householders hit by the latest twin-edged interest rate hike that makes it harder for them to make ends meet and........

© The Sydney Morning Herald