A suggestion it'll take years before the average income catches up with increasing house prices
A suggestion it'll take years before the average income catches up with increasing house prices
9 September 2021
A CoreLogic Report for quarter two shows average property values are currently 7.9 times the average annual household income.
That's up from 6.6 times reported 12 months ago.
CoreLogic Chief Property Economist Kelvin Davidson says more people are being shut out of the market as a result.
He says it's not only first home buyers, but also those already on the property ladder.
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