Victorian property market: Housing affordability woes back with a vengeance
âWeâre continuing a trend thatâs been happening for the last 30 years, where house prices have increased well and above the rate at which median incomes have increased,â Dr Raynor said. âBack in the 80s, you might have seen a median prices that were three times an annual wage, now itâs more like seven times or eight times and in Sydney, 12 times. Advertisement Loading Dr Raynor welcomed the public housing intervention by the state government, saying it was âhugeâ and âreally excitingâ, but predicted the massive building program would have no k...
Source: brisbanetimes.com.au