According to a new report, the South Australian capital is now Australia’s second-least affordable city after the perennially expensive Sydney

When people think of Adelaide, they may ponder its good food and wine or its many churches. Historically, it was viewed as a well-priced place to live and work.

But years of surging property prices have made it less affordable than some of the world’s most famous cities, including London and New York, when income levels are factored into living costs.

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