DEFINING HOUSING AFFORDABILITY HAS CREATED A CHALLENGE FOR ACADEMICS, INDUSTRY AND GOVERNMENT OVER MANY YEARS WHILE RANKING THE AFFORDABILITY OF CITIES IS EVEN MORE CHALLENGING WITH OVER SIMPLIFICATION BEING THE MAJOR ISSUE. Measures such as dividing median house price by median income to provide comparison gives an indicator of housing affordability but it is only […]
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RENTAL PRESSURE AND DECLINING MORTGAGE COSTS DROVE HOUSING CONSTRUCTION IN WESTERN AUSTRALIA TO ITS HIGHEST LEVEL SINCE 2010 Data published by the Australian Bureau of Statistics today show dwelling starts in the September quarter 2012 increased a seasonally adjusted 23.6 per cent to 5,166, its highest level since December 2010. UDIA (WA) CEO Debra Goostrey […]
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WE ALL KNOW THAT HOUSING IS BIG BUSINESS, BUT THE FIGURES REALLY DO MAKE YOUR HEAD SPIN. THE ABS THIS WEEK RELEASED THEIR HOUSING FINANCE COMMITMENTS DATA WHICH SHOWS THAT THE AMOUNT OF MONEY OUTSTANDING ON LOANS TO BANKS FOR OWNER OCCUPIED HOUSING IN AUSTRALIA REACHING A STAGGERING $840,955 MILLION IN SEPTEMBER WITH INVESTMENT HOUSING […]
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