In a recent blog economist and funds manager Christopher Joye gives some great news for property investors and prospective home buyers.
In his charts below he shows that Australian housing is at its cheapest level since March 2003 based on Rismark analysis of the national dwelling price-to-income ratio.
Of course, this is just one measure, and does not account for mortgage rates, which are now well below long-term historic averages.
This is just another reason why our property markets won’t crash like they did overseas. I explained this in much more detail in my recent update- Property investment & the world’s economic woes
Subscribe & don’t miss a single episode of michael yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to michael yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.