House prices could fall by somewhere between 18 and 32 percent by June 2023 according to modelling using the AIP’s Housing Affordability Repayments model.
Tagged: housing affordability
Interest rates go up faster than house prices decline
Despite interest rate rises, house prices have retained most of their value, which has led to a decrease in housing affordability across Australia.
Queensland Housing Summit too little, too late
The Queensland Housing Summit was an admission of failure and did nothing to address the real problems in housing affordability in Queensland.
Housing Affordability Index March 2022
Housing repayments were more affordable in the first quarter this year than the last quarter in 2021, but interest rate hikes since then will reverse this.
Housing Affordability Index Q2, 2022
The Q2 2022 Australian housing market saw a general increase in the Repayments Index, indicating a decrease in affordability, and a decrease in the Deposit Index, indicating a fall in house prices, making it easier to save for a deposit.
Housing Affordability Index December 2021
Housing affordability continued to decline in the December quarter last year. This is mainly due to a strong increase in property prices in most cities, although it was only moderate in Australia's largest market, Sydney.
Sly “Uncle” Albo’s shared equity scheme doesn’t shape up
Detailed analysis of the ALP’s shared equity home buyer scheme shows that it is poorly designed, expensive and discriminatory, makes no difference to housing affordability and the cost has already almost doubled.
Australian Housing Affordability Index September 2021
The latest Australian Institute for Progress Housing Affordability Index shows housing affordability improved slightly in the September Quarter, 2021. This was as a result of price falls in Melbourne, while they stayed almost stationary in Sydney.
Record unaffordability looms and points to downturn even without rate rises
House prices are likely at a peak, with or without interest rate rises, as they nudge levels of unaffordability last seen just before the Global Financial Crisis.
Housing Affordability Index June Quarter 2021
Australia's two major cities, Sydney and Melbourne, are close to historical peaks of unaffordability, but Perth, Darwin and Brisbane are still reasonable to moderate.
