Search results

CJ is quoting an IMF report. The IMF acknowledges that affordability in countries cannot be compared directly because there are so many differences eg govt policy, tax, yields, attitutes, houses size, popln diversity, etc So the IMF has produced a report that compares growth from a fixed...

Here's the slides from a speech given this week (by the bullish Chris Joye). He compares Aus housing affordability with UK, US & various other countries. A couple of snippets....

Sure, you can assume that prices will fall by 40-50% & create a scenario where OOs are better off after 15 yrs. I agree that there is a possibility of -40%, however, it's not a central case scenario for most here. Regarding affordability, I'd agree with Ausprop. I have a similar anecdote...

I'd agree if you stick to using simplistic income/median price ratios. However if you look a bit deeper (as the RBA has done), you'll find that they are currently more affordable than ever. See the RBAs Observations on the Cost of Housing in Australia I'd agree with you if the market...