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Australian Housing Market

When you read articles about Australian housing affordability, it is often comparing the single average adult wage to house prices, from generations ago.

The articles generally say something like, ‘a house was worth three times the annual average wage back in the sixties and is now worth 10 times the average wage. This shows housing has become unaffordable.’

You can’t compare the two because back in the sixties it was one wage bidding on real estate.

The state of Australian housing

The days of Dad going off to work, while Mum tends the children are long gone, just like the black and white TVs of that era.

It is now usually at least two incomes bidding on Australian real estate, land price has quickly factored that in. So you can’t compare the two figures.

These days you need to find historical figures for combined household income and compare the two.

When you do that you may find housing affordability hasn’t run away at all, but is simply keeping pace with wages.

Why Work for a Living? Winning the Game of Monopoly

One of Queensland’s fastest-growing cities is set to get its own version of the world’s most iconic property board game — Monopoly!

By Catherine Cashmore, Thursday, 14 July 2022

Portrait of young couple in front of one-family house in modern residential area. Agent giving keys to woman and welcoming family to their new home

The State Defying the Property Slump Melbourne and Sydney Had to Have…

After two years of 20%-plus annual median price growth — it’s the slump they had to have

By Catherine Cashmore, Thursday, 07 July 2022

Housing Unaffordability Gifting Golden Opportunities for Investors

Undersupply or Oversupply? The Hidden Property Statistics That Reveal the Truth

The thing is, what seems to be a shortage, with pressure coming from the property lobby to ‘increase supply now’, ignores one vital fact… We have plenty of supply.

By Catherine Cashmore, Thursday, 30 June 2022

Is Australia Facing a Massive Housing Oversupply by 2023?

NSW Government Comes to Rescue the Property Market

The markets have been thrashed in recent weeks and news about continuing hikes in the cash rate isn’t giving much joy to the property sector either.

By Catherine Cashmore, Thursday, 23 June 2022

Housing Unaffordability Gifting Golden Opportunities for Investors

How Select Landlords Are Cashing in on Soaring Rents

According to the platform, over the past summer holiday season, Airbnb listings across the WA were searched more than 2.1 million times.

By Catherine Cashmore, Thursday, 16 June 2022

Inflation to Feed Property Boom

Boom or Bust? Rate Hike Shock Rocks the Property Market

The news caused more of a flurry than the election result — a 0.5% hike in the cash rate! The last time the RBA raised rates by 0.5% was 22 years ago.

By Catherine Cashmore, Thursday, 09 June 2022

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

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