Housing Affordability Part 1

Housing Affordability Part  1

Which way for property prices this year? This is driven in part by housing affordability. But what do we mean by affordability and how do we best measure it? To my mind there are several ways of looking at housing affordability:

  1. House prices versus average incomes

  2. Proportion of household income needed to purchase an average property

  3. Average weekly rent versus average incomes

Each of these methodologies tells a different story.

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