Blogotariat

Oz Blog News Commentary

Stagflation delivers least affordable housing ever

September 21, 2024 - 00:05 -- Admin

Courtesy of Treasurer Jim Chalmers comes the least affordable housing market on record. PropTrack: Housing affordability deteriorated further over the past year to reach its worst level on record, driven by high mortgage rates and increasing home prices. A median-income household earning around $112,000 could afford just 14% of homes sold in the 2023-24 financial

The post Stagflation delivers least affordable housing ever appeared first on MacroBusiness.