The high cost of housing raises questions about why Australians seem to be paying so much more than the rest of the world. The International Monetary Fund's (IMF) Global Housing Watch survey found that Australian housing had the second-widest gap (out of 24 developed nations) between house prices and average income. The average price of a residential dwelling is now sitting well over half a million dollars. Here are a few reasons why housing has become so expensive: Taxes - The costs associated with buying a property, such [...]