Houses will never be affordable says the Australian Reserve

April 1st, 2008

Houses will never be affordable says the Australian Reserve

Houses will never be affordable – RBA | NEWS.com.au

AUSTRALIANS should resign themselves to the fact that housing will never be affordable, a housing report from the Reserve Bank says. The report makes grim reading for struggling homeowners and those looking at buying their first home, despite the central bank choosing to sit tight on an interest rate hike this month. The report said “it is no doubt the case that housing will never be as ‘affordable’ as we might like, and the cost of housing has been the subject of concern for at least several decades”.

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