[vc_row][vc_column width=”1\/1″][vc_custom_heading heading_semantic=”h1″ text_size=”h1″]Australian Housing Affordability \u2013 Live Tracker By City[\/vc_custom_heading][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/1″][vc_column_text]<\/p>\n
The housing affordability charts below display the percentage of an individual’s average full-time income required to service a 90% mortgage on a median priced house in each city. We have adopted a similar methodology to the HIA\/CBA Affordability Index, except we use median prices sourced from RP Data (Apr-14 onwards) and the ABS<\/a> (Jun-02 to Mar-14). See below for more information on the methodology used.<\/p>\n Please note improving housing affordability does not necessarily indicate it is a good time to buy. The affordability improvement may be temporary – interests rates decline then increase – or indicate a broader issue, such as increased unemployment leading to a fall in house prices.<\/p>\n Update [do action=”todaysdate”]<\/p>\n<\/div>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/1″][vc_tabs][vc_tab title=”SYD” tab_id=”1478857631-1-62″][vc_column_text]<\/p>\n Since interest rates have ‘normalised’, from 1999 onwards, Sydney house prices appear to moderate\/fall when mortgage servicing costs on the median house price reach 60%+ of average full-time individual incomes. This occurred in 2004, 2008, 2011 and is near this level now.<\/p>\n<\/span>Sydney Houses Affordability Tracker<\/span><\/h3>\n