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Australia’s most unaffordable city has been revealed

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Nope, it’s not Sydney.
















If you were hoping to close your afternoon with some soul-crushing information about the ridiculous cost of living in Australia, you’ve come to the right place.












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What the Flux

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<p><em><strong><img loading="lazy" decoding="async" src="https://cms.star1045.com.au/wp-content/uploads/2020/03/gettyimages-645179129.jpg" alt="Hobart Tasmania Australia Houses Homes.jpg" width="607" height="456" /></strong></em></p>
<p><em><strong>Nope, it’s not Sydney.</strong></em></p>
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<p>If you were hoping to close your afternoon with some soul-crushing information about the ridiculous cost of living in Australia, you’ve come to the right place.</p>
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<p>As <a href="http://www.dailymail.co.uk/news/article-5760085/Hobart-Australias-unaffordable-city-Sydney-property-market-eases-renters.html" target="_blank"><em>The Daily Mail </em></a>has shared, the <a href="http://www.afr.com/real-estate/rental-affordability-index-hobart-overtakes-sydney-as-worst-city-for-renters-20180521-h10d1q" target="_blank">biannual Rental Affordability Index</a> has been released, revealing just how unaffordable Aussie cities have become. </p>
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<p>Spoiler alert: they’re <a href="http://www.novafm.com.au/you/these-are-cities-around-world-highest-salaries" target="_blank">very unaffordable</a>. </p>
<p>Now, while Aussies have grown used to the idea that Sydney as a city is basically the equivalent of a pretty but high maintenance partner who will drain your funds, you may be surprised to hear that it is not the <a href="https://www.nova969.com.au/news/worlds-best-cities-list-has-been-announced" target="_blank">city that topped</a> the list, this time around. </p>
<p>The title of most unaffordable city in Australia has been awarded to Tassie’s capital city of Hobart, instead. </p>
<p>According to the report, locals in Hobart spent 29 per cent of their gross median income on rent in late 2017. </p>
<p>Sydney followed in a close second at 27 per cent with Brisbane and Melbourne coming in after that at 25 and 24 per cent. </p>
<p>The most affordable city was Perth, with rent costing 21 per cent of the West Australian residents’ gross median income.</p>
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<p>Anyone else wanna move to Perth?</p>
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<p><strong><a href="http://cms.star1045.com.au/articles/5-countries-your-aussie-passport-can%E2%80%99t-get-you" target="_blank">SEE ALSO: 5 countries your Aussie passport can&#8217;t get you into</a></strong></p>
<p><a href="http://cms.star1045.com.au/articles/no-one-will-take-125k-job" target="_blank"><strong>SEE ALSO: No one will take this 125k job </strong></a></p>
<p><a href="http://cms.star1045.com.au/articles/no-one-will-take-125k-job" target="_blank"><strong>SEE ALSO: These 13 baby names are actually illegal</strong></a></p>
<p><strong><a href="http://cms.star1045.com.au/articles/why-you-shouldnt-put-chocolate-fridge" target="_blank">SEE ALSO: Why you shouldn&#8217;t put chocolate in the fridge</a></strong></p>
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<p><em>Images: Getty, E!</em></p>
<p><em>Written by Stephanie Nuzzo </em></p>
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