βSydneyβs rent now rivals London and New York, despite lower global-city purchasing power.β
At $1256/mo, Australia sits $284 above the peer nation median. Housing β not food, not transport β is what separates Australia from its peers.
Australia's crisis is real, measurable, and uneven. Rent β not food, not utilities, not transport β is the structural driver. At #5 globally and 31.2% of income on housing, the burden rivals the world's wealthiest cities. Yet it is not uniform: where you live inside Australia matters as much as living in Australia itself.