Another “affordability” study

Advertisement

 

Below find the new National Centre for Social And Economic Modeling (NATSEM) report into housing affordability.

The report is both quite good and quite frustrating. It acknowledges the severe unaffordability of the national housing market but never uses the word “bubble”. As such, it provides some very good overvaluation assessments but fails completely to canvass risk. It describes a really quite depressing scenario for generations following the baby-boomer property lords, yet packs the report with pictures of glowing twenty somethings gleefully moving into shiny dwellings.

Anyways, for your reading pleasure, find the report below:

Advertisement

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.