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Housing at its most affordable in a decade

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Australian Broker | 29 May 2014, 02:00 AM Agree 0
​Australia’s housing is at the most affordable now than in the past 12 years, according to the Housing Industry Association
  • Denny | 29 May 2014, 10:21 AM Agree 0
    SMH ran this article yesterday. 132 negative comments.

    I would rather pay interest of 10% on 100k in 1990 than 5% on 450k today lol

    The median wage is around 1k a week the loan repayment are around 700 a week. Average living costs are 600 pw per person...

    Tell me... Where is this 'magical $300 coming from?'

    Let me just call the bank 'excuse me. Do you take imaginary money? No? But the CBA-HIA said it's all good! Well that's bad for me...'

    Lol this reads like an ad.
  • marty mcdonald | 29 May 2014, 11:18 AM Agree 0
    @ Denny I don't disagree silly article but as to your missing $300. You forgot.
    1) 2 income families.
    2) lowest quarter to a third of income earners would not have home loans so median income is not appropriate as a measuring tool.
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