Housing Affordability

According to an article in The Age, “In the years after World War II, right up until the 1980s, an average house in a capital city cost about three years of average earnings”. This situation has shifted dramatically; the median house price is now equivalent to “an amount the average full-time worker would take more than eight years to earn”. The report covers a range of factors affecting housing affordability including planning, economics, government policy, foreign investment and the tax system. The issue is likely to see increased coverage as both state and federal elections approach.

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