How long till Melbourne has a median house price of $1million

How long till Melbourne has a median house price of $1million? Well… that $1 million median may happen sooner rather than later according to Dr. Andrew Wilson, chief economist for Domain. In fact he’s having a little fun with this prediction and has put a countdown timer on his Facebook page – you can check out…

first home buyers

Houses aren’t more unaffordable for first home buyers, but they are riskier

Declining interest rates has made housing more affordable over the past thirty years, but it has also increased the risk for homebuyers, writes… Jamie Alcock, University of Sydney Climbing house prices seem to scare people but houses are relatively more affordable today than they were in 1990, it’s actually interest-rate risk that’s the bigger problem…

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