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CoreLogic today released the June quarter Housing Affordability Report for Australia, with results indicating that although housing affordability has recently started to improve, the longer- term view is “still deteriorating”:
Over the past quarter of a century there have been a broad range of factors that have contributed to a substantial increase in the cost of dwellings.
These factors include:
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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.