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The Reserve Bank of Australia (RBA) has released a Bulletin Article examining housing accessibility for first home buyers (FHBs), which finds that accessibility is especially poor in the immigration/investor hotspots of Sydney and Melbourne:
A common measure of housing affordability is the ratio of mean housing prices to mean household disposable income (or the ‘housing price-to-income ratio’; median prices and incomes are also sometimes used)…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.