Housing Affordability Has Peaked, New ANZ CoreLogic Report Finds

Housing affordability peaked in June and property prices could reach record highs in the first half of 2020 if they continue at current rates, according to new ANZ and CoreLogic research.

Released today, the research shows real estate values fell 8.4 per cent nationally from the 2017 peak to the June 2019 trough, which provided some temporary relief to housing affordability. 

It also revealed national dwelling values were 6.5 times higher than gross annual household incomes in June, the…