Australia - the lucky country. We have scoffed at that for years however you can't but feel a little envious of their take on the value of rising house prices.....
No pressure on the RBA to work on affordability, why? Adrian Orr didn't want the additional mandate -
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Rising property prices get consumers spending - Reserve Bank Australia
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Housing affordability best in 4 years
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Housing affordability falls almost 10pc
Housing affordability falls almost 10pc
By Karlis Salna | December 21, 2007
HOUSING affordability declined by almost 10 per cent over the past year, a report shows, and there appears to be little relief in sight for renters and those looking to enter the property market....