HOME AFFORDABILITY 'DRAMATICALLY BETTER THAN FIVE YEARS AGO By Jessica Irvine
May 20, 2009 smh.com.au
A TYPICAL home is worth a little over four times the average household's annual after-tax income, down from almost six times five years ago, Reserve Bank figures show. Strong growth in incomes and a period of more sluggish median house price growth are working in the interests of would-be home buyers.
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