With the release of the December 2019 quarter figures by the ABS we have just released our most recent housing affordability report. Housing affordability in most cities remains within historically comfortable limits, so this month we also looked at one probable effect of the COVID-19 pandemic – mortgage stress.
It is now 5.83% cheaper for the average Australian to repay an average housing loan than it was in 1994, but it takes the average Australian 65% longer to save the deposit.
The recent changes will mean some less extreme outcomes in terms of revenue allocation and its effects but will still entail economic efficiency distortions in relation to incentives of State and Territory governments.
Sir Thomas McIlwraith Lecture
This annual lecture celebrates individuals who have helped to build Queensland showing individual initiative and enterprise. This year’s lecturer is Trevor St Baker AO. Previous lecturers have been Sir Leo Hielscher, Jamie Pherous and Bevan Slattery. Our inaugural lecturer was John Wagner whose family developed Toowoomba’s Brisbane West Wellcamp airport.
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