Housing Affordability Deteriorates in Sydney and Melbourne

Core Logic measures housing affordability in four different ways, the methodologies of which are detailed below:

• The ratio of median dwelling prices to median gross annual household income.  Utilising median household income data which has been modelled by the Australian National University Centre for Social Research and Methods (ANU) and median dwelling price data from CoreLogic we determine the ratio of dwelling prices to household income over time.  For example, a dwelling price to…