Housing Affordability Stinks…

We look at the latest analysis of housing affordability, based on a range of data, and conclude that it has rarely been worse. In addition, some players are being highly selective in the way they present the data, understating the true picture for many households. We wonder why? http://www.martinnorth.com/ Go to the Walk The World … Continue reading “Housing Affordability Stinks…”

Housing Affordability Stinks…

We look at the latest analysis of housing affordability, based on a range of data, and conclude that it has rarely been worse. In addition, some players are being highly selective in the way they present the data, understating the true picture for many households. We wonder why? http://www.martinnorth.com/ Go to the Walk The World … Continue reading “Housing Affordability Stinks…”

Housing Affordability Busted For Good…

Whatever announcables may come from the Government, the truth is housing crisis in Australia is far from over. As I discussed with Leith van Onselen on Tuesday, high migration is the root cause of the problem – a problem created by bad policy and ultra-high migration. Yet some are arguing we should import more construction … Continue reading “Housing Affordability Busted For Good…”

Housing Affordability Crashes!

The latest report on Housing Affordability from ANZ and Corelogic underscores the pressures on Households, and mirrors findings from our own Stress Surveys. On every metric, affordability has crashed, but then what do you expect from 20+ years of bad policy, ultra low rates and Government incentives? And, no, the answer to all this is … Continue reading “Housing Affordability Crashes!”

Australia’s Housing Affordability Long Con…

The final report of the Housing Supply Inquiry is out, and as expected it misses the main points… https://www.aph.gov.au/Parliamentary_Business/Committees/House/Tax_and_Revenue/Housingaffordability We discuss the recommendations, and add our own commentary. For a more thorough approach to housing affordability, wee my post on Steve Keen’s (TNL) policy, which makes so much more sense. https://tnl.net.au/policies/ Go to the Walk … Continue reading “Australia’s Housing Affordability Long Con…”

The Housing Affordability Elephant In The Room!

If you want the real truth about housing affordability, read the latest shocking data from the Demographia report, just released. http://www.demographia.com/ Housing affordability in 2021 is considerably worse than before, with five times as many markets at 10.0 median multiples or higher than just a decade ago. The least affordable market is Hong Kong, with … Continue reading “The Housing Affordability Elephant In The Room!”

Not Solving Housing Affordability!

In the dog days of the political cycle, we are getting a series of frankly worrying announcements from the state and federal governments, which superficially might sound like an initiative to help people buy homes, but in fact are simply extending the current Ponzi , at a time when home prices and interest rates are … Continue reading “Not Solving Housing Affordability!”

The Housing Affordability Disaster!

We look at the latest Affordability report from ANZ and Corelogic, which tells a sorry tale of consistent policy failure. As a result, home ownership rates (even those with mortgages) is falling, will income ratios deteriorate. And the pressures are not confined to Sydney! This is a national disgrace. You can join Edwin Almeida and … Continue reading “The Housing Affordability Disaster!”