looking at the most recent rba charts on housing.....dwelling investments/ home loan afforability has remained almost static since 2002 with only 1% increase movements up or down, housing indicators been on a down trend....ie building approvals, and sydney house prices appear stagnant since 2002......and housing loan approvals are back to 2006 levels (interesting since the other cities all had price rises up to 2008 except sydney) ok answer must be less houses rose in prices...compared to the cheaper houses in 2006
I like numbers....but looking for the 10 year trend again....going by those figures it should peak at 2012..... allowing for 3 years to come to that peak = 2009 cheers