"Housing affordability is currently at its worst level since 2008, with 47% of gross household income required to service a mortgage nationally”, Oxford Economics Australia’s senior economist Maree Kilroy told The AFR over the weekend.
“This ongoing constraint on buyers continues to divert demand towards properties at lower price points”, she said.After growing strongly in the first half of the year, Australian dwelling values ended 2024 in the red, driven by falling values in Melbourne and Sydney.
https://www.macrobusiness.com.au/2025/01/deteriorating-affordability-catches-up-with-house-prices/
