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Affordability across regional property markets has deteriorated at a faster rate than the capitals due in part to the flight of populations out of cities.
AFFORDABILITY
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Some Sydney homes in the city are still available at a more affordable price.
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Australian house prices are rising at their fastest rate in more than 17 years.
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Melbourne and Canberra have joined Sydney in the $1 million-plus median house price club as the nation's property market soars into overdrive.
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First home buyers are being priced out of Australia’s booming housing market, forecast to keep rising until affordability becomes a problem more broadly.
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Two out of three told a recent survey that New South Wales prices will peak in the next six months, after rising more than 15% in 12 months.
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Despite skyrocketing house prices individuals are still managing to get a foot on the property ladder.
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The time to save a deposit to buy an entry-level house has blown out by an additional four months on average across capital cities.
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Baby Boomers are often blamed for the housing affordability crisis, but empty-nesters living in large homes are just a symptom of property and policy mismatch.
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There have been more homes pushing into the $1 million value or above, with 218 new suburbs joining the club.
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The reserve bank has continued to hold interest rates at a record low of 0.1% as house prices across Australia keep rising.
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Tenants struggling to make rent were the hidden losers of the Federal Budget, as the government's cash splash prioritised home ownership over affordable housing…
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