From the HIA comes this quarter’s improved housing affordability measure:
The improvement in housing affordability continued unabated in the June 2012 quarter, said the Housing Industry Association, the voice of Australia’s residential building industry.
“Excluding the GFC period when interest rates dropped sharply, housing affordability is at its healthiest level since 2003,” said HIA Chief Economist, Dr Harley Dale. “That is heartening news for Australian households.”
“Now is a great time to buy for those who are financially set to take that decision,” Harley Dale said.
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.
