Housing affordability deterioration

by

Ed.

Reported at australiainstitute.org.au: Housing affordability in Australia continues to deteriorate, with the average house price in Sydney projected to reach 24 years of the average salary by 2044 if current trends persist.

Over the past five years, the average home loan has surged by over $198,000 in several states, while average earnings have not kept pace, leading to a significant decline in housing affordability.


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