How affordable is housing affordability in Australia?
Housing affordability in Australia has broadly declined since the early 1980s. The OECD’s price to income ratio index shows a 78% increase between 1980 and 2015.
How much do Australian homeowners spend on housing each year?
Housing costs for Australian homeowners with a mortgage were around 16 percent of household income in financial year 2018. This share was higher for renters of private property in the same period. Get notified via email when this statistic is updated.
How is the house price to income ratio calculated?
The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures. Australia has excellent house price statistics.
What is the current house price to income ratio in Australia?
House price to income ratio in Australia from 3rd quarter 2015 to 1st quarter 2019 The house price-to-income ratio in Australia was 102.6 percent as of the first quarter of 2019. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, was the lowest since the third quarter of 2017.