Home prices are falling across Australia, yet housing affordability hasn’t improved. In fact, it has fallen to a record low. Tax changes in the federal budget have dominated housing discussion, but they won’t fix what is a deep, structural problem.A typical-income household could afford to buy just 12 per cent of homes sold in the past year. During the Global Financial Crisis, that figure was 14 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Prices are falling, but houses are still less affordable than during GFC
Younger Australians are less likely to own their home. Is this the country we want for future generations?
89 words~1 min read
