The release yesterday of the national finance and wealth accounts for the March 2015 quarter revealed that Australian housing values are just a whisker under their all-time highs when measured against household incomes and GDP.
As shown in the next chart, the ratio of total housing assets (both structures and land) was 6.75 times aggregate employee earnings as at March 2015, marginally below the record high 6.9 times earnings recorded in March 2010:
