Hi guys.. I spent some time figuring out how much housing affordability has changed over the last 50 years, thanks to a bunch of RBA and ABS data. The tl;dr is that house prices have gone up - a lot. I know, I know - big surprise there.
But actually, it's a little more nuanced than that when you look at things like the cost of servicing a mortgage… Because although house prices are at or near all time highs, interest rates are also at all time lows. At one point in the late 80's / early 90's they were on the way to 20%!
If you're interested in taking a look at the full analysis, here it is: https://datamentary.net/australian-house-prices-over-the-las…
Mods, not sure if this is cool to post or not - please remove if it's a no-no!
Page took forever to load. I gave up.