AUKUS

[golder]

"Both Australia and the UK face significant housing affordability issues, with high percentages of income dedicated to housing. Roughly 28.3% of Australian households and 23.2% of UK households spend over 40% of their disposable income on housing. Private renters in both countries often pay around 20–30% of their income, with many in the UK exceeding 30%."

• High Building Activity: Despite the shortage, South Australia is outperforming other states in building approvals, with a 12.6% increase in October 2025 year-on-year, contrasting with a 6.4% drop in approvals nationally.
• High Demand/Low Supply:Supply is lagging behind demand, as Adelaide has become the second-least affordable city in Australia, with housing prices at 10.9 times the median income, surpassing Melbourne and Brisbane.