Housing affordability improves but still poor | | MacroBusiness<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Interesting article by Leith van Onselen on Australian housing affordability. Today it takes “380 weeks on the average wage (just over seven year\u2019s income) to buy a typical house. This is down from around 430 weeks average wages (just over eight year\u2019s income) required to buy a home in 2008 and 2010.” Good news. But … <\/p>\n
Continue reading “Australia: Housing affordability still poor”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,45],"tags":[313,317,319,1733],"class_list":["post-6265","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-debt-levels","tag-average-home-price","tag-average-mortgage","tag-average-wage","tag-housing-affordability"],"yoast_head":"\nAustralia: Housing affordability still poor - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Housing affordability still poor - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Interesting article by Leith van Onselen on Australian housing affordability. Today it takes “380 weeks on the average wage (just over seven year\u2019s income) to buy a typical house. This is down from around 430 weeks average wages (just over eight year\u2019s income) required to buy a home in 2008 and 2010.” Good news. 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The report highlights four \u201cfacts\u201d about\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_3505 Jul. 29 08.50","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/07\/ScreenHunter_3505-Jul.-29-08.50-200x194.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7021,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/18\/australia-sydney-is-reaching-a-liveability-crisis\/","url_meta":{"origin":6265,"position":1},"title":"Australia: Sydney is reaching a liveability crisis","author":"Colin Twiggs","date":"March 18, 2013","format":false,"excerpt":"Professor Percy Allan kindly sent me a copy a report, to which he contributed, on living conditions in Sydney -- prepared by the Urban Taskforce. Here are some interesting excerpts: Over the next 20 years Sydney will need at least 600,000 new homes located in infill sites and in greenfield\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/23\/australias-housing-affordability-crisis\/","url_meta":{"origin":6265,"position":2},"title":"Australia’s housing affordability crisis","author":"ColinTwiggs","date":"March 23, 2014","format":false,"excerpt":"This private submission by Michael Dromgool to Australia's Housing Affordability Inquiry identifies supply restrictions as the key cause of the current housing affordability crisis: Traditionally the flexible forces of demand and supply in the property market self-managed the development of land for housing. Development occurred in locations where and when\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41671,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/04\/17\/fed-has-not-yet-tamed-inflation\/","url_meta":{"origin":6265,"position":3},"title":"The Fed has not yet tamed inflation","author":"Colin Twiggs","date":"April 17, 2023","format":false,"excerpt":"We see three signs that Fed interest rate hikes have not yet succeeded in taming inflation: Retail Sales Real retail and food services sales remain stubbornly above their pre-pandemic trend (dotted line below). While real sales have not increased since early 2021, they have held steady at $230 billion, after\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Real Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-17-realretail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-17-realretail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-17-realretail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/09\/dads-army-fumbles-housing-affordability-macrobusiness\/","url_meta":{"origin":6265,"position":4},"title":"Dad\u2019s Army fumbles housing affordability | Macrobusiness","author":"ColinTwiggs","date":"March 9, 2015","format":false,"excerpt":"By Leith van Onselen \u2014 Published with kind permission from Macrobusiness. After his shoddy effort yesterday defending Australia\u2019s giant superannuation rort,\u00a0Dad\u2019s Army\u2019s Robert Gottliebsen (\u201cGotti\u201d), has backed Treasurer Hockey\u2019s proposal to allow young home buyers to raid their superannuation accounts to purchase their first home: Joe Hockey\u2019s idea to allow\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Broken Window","src":"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/4\/4c\/Young_woman_and_broken_window-2.jpg","width":350,"height":200},"classes":[]},{"id":8428,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/16\/imbalances-in-the-australian-housing-market-chris-joye\/","url_meta":{"origin":6265,"position":5},"title":"Imbalances in the Australian housing market | Chris Joye","author":"ColinTwiggs","date":"September 16, 2013","format":false,"excerpt":"Chris Joye from the Financial Review warns on Radio National that imbalances that may be developing in the Australian housing market: http:\/\/www.youtube.com\/watch?feature=player_embedded&v=Z4kTC0ie2HE Hat tip to Leith van Onselen at Macrobusiness.com.au who comments: \"My only observation is that governments of all persuasions have for too long abrogated their responsibilities for housing\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/Z4kTC0ie2HE\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6265"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6265\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}