Moving around the States?

If you are considering moving interstate to lower your mortgage, think again.
In the face of rising interest rates and high prices, Sydney homeowners and buyers could be forgiven for hunting greener grass elsewhere. But the sad news is: there's no escape, at least if you're talking big cities or even by the coast.
Sydneysiders continue to struggle with one of the highest home unaffordability rates in the world but people in Melbourne, Brisbane, Perth and Adelaide aren't that much better off.
Even in New Zealand, previously regarded as a country of well-priced flats, the view - property-wise, at least - is perhaps even worse. This year's Demographia International Housing Affordability Survey ranks the land of the long white cloud, when interest costs on mortgages are added, as in the worst position in the Anglo-speaking world.
Based on local interest rates, a 100 per cent 30-year mortgage will cost 18.6 years of income in New Zealand, compared with 17.9 years in Australia, 14.1 in Britain and 8.3 in the US.
The bitter truth is, you'd have to travel a long, long way to find an appreciably cheaper home - and who, speaking honestly, wants to live in the Northern Hemisphere?