Understanding Housing Affordability: The Emotional Impact on Prices

How do we know if a certain city has a housing crisis? Note, this is not a term dreamt up by me yeah. This is a term from the media on Australia’s property market. Let’s just look at Melbourne which is one major city. The below are the ‘lowest priced’ and ‘new property’ in Melbourne. Data as at 2nd December 2025. Source: realestate.com.au