Housing costs are actually the same as in 1993, but renters still struggle
- Written by Ben Phillips, Associate Professor, Centre for Social Research and Methods, Australian National University
Even though house prices have risen substantially over recent decades, housing costs as a share of income have barely shifted in over 20 years. Costs relative to disposable income for housing are largely unchanged, at 17% since 1993, although there has been some increase since 2000.
There is no agreed measure for defining housing affordability, but...
Read more: Housing costs are actually the same as in 1993, but renters still struggle
