As the survey notes, the city deteriorated from “seriously unaffordable” to “severely unaffordable” in 2024, with a median multiple of 5.1. This year’s survey shows it has one “severely unaffordable” market – Perth – and four “impossibly unaffordable” cities – Brisbane, Melbourne, Adelaide and Sydney. Auckland now has a “severely unaffordable” median multiple of 7.7, still some way north of Dublin’s level. While the median multiple is 5.4 times income across the country, three of the six locations are rated “severely unaffordable” or “impossibly unaffordable”. You will need just 3.2 times the median income here to buy a typical home, well below the Central Bank’s four times income rule.

Source: The Irish Times January 13, 2026 06:30 UTC