House affordability – houses are just so much more expensive these days compared to when I was young.
This is the usual train of thought but statistics produced by Craig James – chief economist from Commsec- show that this may not be quite right especially over the last ten years.
During this time, disposable incomes per household has risen about 70% while average house prices have risen by 67%.
Could the issue be though that disposable incomes are higher because more families are double income families so that they can meet the loan repayments?
Interested in your thoughts on this.