Home affordability was a hot topic leading up to this year’s general election, as it has been for some time.
With housing values now 16 per cent above the previous market peak in 2007 it’s easy to see why home buyers might feel discouraged, and many are looking to the government to come up with a solution. Industry experts have said that our house prices are 71 percent overvalued, but that there is no quick fix. So what’s it like in other countries? Are we alone in our housing affordability woes?