Australia - Housing Cost Overburden
Since 2014, Australia Housing Cost Overburden increased 3.9points year on year. At 19.7 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, the country was number 14 comparing other countries in Housing Cost Overburden. Australia is overtaken by Canada, which was number 13 at 19.9 Percent of Households Devoting More Than 40% of their Income to Housing Costs and is followed by Italy at 19.4 Percent of Households Devoting More Than 40% of their Income to Housing Costs. Greece ranked the highest with 40.3 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, a growth of 1.3points compared to 2018. Chile, Luxembourg and Spain respectively ranked number 2, 3 and 4 in this ranking. Luxembourg witnessed the best average annual growth at +6.4points per year, while Estonia witnessed the worst performance at -7.6points per year.
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| Date | Percent of Households Devoting More Than 40% of their Income to Housing Costs |
|---|---|
| 2019 | 19.70 |
| 2018 | 19.50 |
| 2017 | 19.80 |
| 2016 | 18.80 |
| 2015 | 17.90 |
How does Australia rank in Housing Cost Overburden?
| # | 30 Countries | Percent of Households Devoting More Than 40% of their Income to Housing Costs | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Greece
|
40.30 % | 2019 | +1.3 % | -0.8 % | View data | |
| 2 |
#2
Chile
|
37.40 % | 2019 | +3.6 % | NA | View data | |
| 13 |
#13
Canada
|
19.90 % | 2019 | -1.0 % | +0.9 % | View data | |
| 14 |
#14
Australia
|
19.70 % | 2019 | +1.0 % | +3.9 % | View data | |
| 15 |
#15
Italy
|
19.40 % | 2019 | +0.0 % | -0.1 % | View data | |