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.
Tagged: housing affordability
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.
Housing affordability index December 2020
The latest AIP Housing Affordability Index shows that while house prices have risen there is scope for them to rise much further before they become unaffordable, judged on an historical basis of what purchasers are prepared to pay.
Use super savings to solve housing affordability crisis
We've renewed our call for first home buyers to be able to borrow from their superannuation account towards their deposit based on a new study: "Superannuation and Housing: growing the cake and eating it too".
Housing Affordability Index March 2020
Housing became more affordable in the first quarter of this year everywhere, apart from Hobart and on average homes are more affordable across Australia now than at any time in the last 17 years.
12 month housing loan payment amnesty would be affordable
Modelling by the Australian Institute for Progress shows that homeowning Australians have a financial buffer in the equity in their house that they can safely use to tide over the short-term interruption caused by COVID-19.