My Take on Housing Affordability


One minute read.Real estate concept. House on calculator. Mortgage.

One trigger to a potential housing market reset is low affordability.

Traditional housing has become increasingly expensive.

The accepted affordable housing benchmark is 3 to 4 times household income.

Nationwide, it now exceeds 6 times.

See chart 1.

MMNEWSydney and Melbourne are now very unaffordable by this measure.

See table !. above

Yet these two areas, along with south east Queensland, are likely to attract the lion’s share of population growth and new housing demand.



The key is to supply the right type of housing in these areas.

New supply will need to be affordable.

It will take a new mindset, innovation and rule book to make this a reality.


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Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive

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