Mackay is sixth least affordable city

Mackay is the sixth least affordable regional city for key workers in Australia, according to the inaugural BankWest Key Worker Housing Affordability Report.

Mackay is the sixth least affordable regional city for key workers in Australia, according to the inaugural BankWest Key Worker Housing Affordability Report.

Housing affordability has rapidly deteriorated over the past five years for Queensland’s 91,000 nurses, teachers, police officers, fire-fighters and ambulance officers, the Report revealed.

Two-thirds of council areas in South East Queensland were too expensive for key workers to buy a house in 2007, compared with no unaffordable council areas in 2002.

The results from the BankWest Key Worker Housing Affordability Report were derived by analysing house prices in all available Australian local government areas (540 LGAs), including 109 LGAs in Queensland, and cross referencing them against wages and salary data from the Australian Bureau of Statistics and the Australian Government Workplace Authority.

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