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2025-11-25 10:14:15
[Australia's Housing Affordability Deteriorates to Historic Low, Raising Central Bank Concern] 1. Housing affordability in Australia continues to deteriorate, falling to a new historic low, sparking deep concerns about the future of homeownership for future generations. According to data from property research firm Cotality, house prices in the country have risen by approximately 47.3% since March 2020, an astonishing increase that has boosted the median home value by about AUD 280,000 (approximately USD 180,800). 2. The continued surge in house prices has significantly increased the difficulty for ordinary Australians to realize their dream of homeownership. Analysts believe this trend will attract close attention from the Reserve Bank of Australia (RBA), which is already cautious about the economic outlook and rapidly growing housing investor lending. The continued deterioration in housing affordability is expected to be a key factor influencing the RBA's future monetary policy decisions.
