Soaring home prices have made housing unaffordability the No. 1 concern for many Australians.

Our capital cities now rank among the least affordable in the world, alongside notoriously expensive markets such as Hong Kong and San Francisco.

This is bad news for just about everyone — except the fortunate few with investment properties to their name.

For the rest of us, it’s a dire situation. Renters trying to scrape together a house deposit watch as prices climb further out of their reach. And many of those who have bought are now stuck servicing huge mortgages.

All the while, the gap between rich and poor continues to widen.

In Perth, the problem is particularly pronounced. According to the Real Estate Institute of Australia, the median house price in Perth increased 9.2 per cent acros

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