Australia’s house price madness is getting worse

Posted by Simon Dehne on February 2, 2016 in Latest News with No Comments

housing_bubbleIn the ongoing debate over Australia’s ‘housing bubble’, the annual Demographia International Housing Affordability Survey causes plenty of arguments and a few burst blood vessels.

The survey looks at cities around the developed world through the lens of the ‘median multiple’ – that is, the median dwelling price divided by the median income in that area.

Critics argue that such a simple metric overlooks things such as the quality of dwellings in a city, interest rate levels, and long-term changes such as the rise in female workforce participation.

Read more.

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