Australia's house price-to-income ratio falls to lowest level since March 2003

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

About Michael Yardney

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au