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: