Housing Affordability Worsens as Prices Soar

Housing price figures ‘13.5 times the average annual household disposable income now seem like a glorious moment of housing affordability. In December last year it hit 16.4 times.’Housing price figures ‘13.5 times the average annual household disposable income now seem like a glorious moment of housing affordability. In December last year it hit 16.4 times.

’hat if 2020 was as good as it gets for housing affordability? Forget gathering around to hear old man Jericho talk about the good old days when Gen Xers were able to buy into the housing market in 2000, or even the far-off time when Boomers could get a loan (provided they were male) to buy a home. No. What if all of four years ago are “the good times” and those who have yet to buy look back with envy at those who were able to come up with a deposit – whether via luck or the bank of mum and dad – and got in when the going was good?show the average dwelling price across the nation in December last year hit $933,800 – up 4.8% on 12 months earlier – compared with inflation of

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