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A high-income earner on $300,000 would be locked out of buying a house in 16 per cent of capital city suburbs, new modelling shows.
INCOME
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Perth’s outer suburban housing markets have outpaced their inner-city counterparts over the past year.
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Australian renters now need an annual income of $130,000 to comfortably rent an average unit.
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Australia’s housing market ‘buckling’ under widening gap between income and home values (The Guardian)
Australia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values.
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The number of Australian homeowners facing mortgage stress is at a near-record high, but is set to drop in the coming months.
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Australia sits at the top of the global table in terms of the strongest transmission of monetary policy based on a combined scorecard.
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Could Melbourne’s property market be the best-kept secret in the country?
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Prospective home buyers hoping to afford a bigger house would need to get a pay rise of as much as tens of thousands of dollars.
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Home buyers would need to earn up to $90,000 more than they did early last year to afford to buy a median-priced house as rising interest rates slash buyer budg…
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Australians will not experience any real income growth until next year, with the Reserve Bank of Australia warning inflation is still “too high” and more persis…
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Australians frustrated with aggressive interest rate hikes are being warned the alternative is for the government to slash its spending, or demand more in tax.
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Soaring inflation has hit the finances of the British royals.
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Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
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Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
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