Many industry experts believe the country is in a property bubble – indicated by the rapid increase in Australian property market prices to the point that they are no longer relative to incomes and rents, followed by a decline. Thehouse price-to-income ratiohas also followed a similar trend,...
Median Incomea Household = $1682 Household = $1202 Personal = $960 Personal = $662H'hold = $1438 Have childrenb 32% 35% 35% 25% Number of children 1.8 (σ = 0.8) 1.7 (σ = 0.9) 1.8 (σ = 0.8) 1.8 Occupation for those working: Manager 1% 2% 14% 13% Professional 38% 35% ...
In Demographia’s most recent International Housing Affordability survey, they deemed ALL major cities in Australia as having ‘severely unaffordable’ housing. Demographia examined the median multiple (Median House Price/Median Household Income) to assess housing affordability and noted that Australia’s ...
Gross National Product (GNP) (USD mn) 439,404.475 Dec 2023 quarterly Sep 1959 - Dec 2023 Gross Savings Rate (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022 Investment: % of GDP (%) 24.3 Dec 2023 quarterly Sep 1959 - Dec 2023 Nominal GDP (USD mn) 440,146.9 Mar 2023 quarterly...
From 2014 to 2023, median rents in Germany’s eight major population centers rose by around 60%, according to JLL (see Figure 2). Berlin stands out with particularly strong growth with its median rents doubling. Over the same time frame, the population in Berlin also grew by 9%,...
Australia Money Supply: sa: M3 data was reported at 3,075.252 AUD bn in Sep 2024. This records an increase from the previous number of 3,062.103 AUD bn for Aug 2024. Australia Money Supply: sa: M3 data is updated monthly, averaging 280.400 AUD bn (Median
This measure was reverse scaled for inclusion in the ULI composite measure, representing housing affordability as the proportion of low-income households not spending in excess of 30% of household income on housing. The percentage of employed persons working in the same Statistical Area 3 (broader ...
aAffordable housing is a term used to describe dwelling units whose total housing costs for either rented or purchased unit, are deemed affordable to those that have a median household income.[1] In Australia, the National Affordable Housing Summit Group developed their definition of affordable ...
1. The model is adjusted for covariates (i.e., age (median), gender (female), education (university), home ownership, country born, and ESL/LOTE) but these details are not shown for readability and simplicity, but are provided in Appendix D, Tables D.2 and D.3, and Figures D.4 ...
In terms of affordability, Cox (2021) indicated that the median multiple of national house prices to household income was 6.4 times in Australia compared to the US’s 3.7 and UK’s 4.6 times in 2016. In the third quarter of 2021, the national house price to household income ratio ...