Daily Archives: 28/07/2011

Home affordability problem will remain for at least a decade

Home affordability in Australia has progressively declined over the past decade.  Home prices today are “severely unaffordable”, and it will take 10 years of flat-lined prices to rectify this situation. The AMP.NATSEM Income and Wealth Report has found that over the past decade median house prices increased  by approximately 147% , while after-tax incomes went up by only 50%. Although ...

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