The index employs third-quarter data from 2016 to establish the affordability of middle-income housing in the large urban centres of nine countries: Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United States, and Great Britain. To compare “affordability,” the authors employ the “Median Multiple,” which divides the median housing prices by the median household income. This index ranks urban centres from Affordable to Severely Unaffordable.
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