news

House prices high relative to wages

By webmaster

Australian house prices are still “very high relative to rents and incomes,” according to the latest economic outlook from a worldwide organization.

The Economic Outlook from the Organisation for Economic Co-operation and Development, put Australia near the top of the list for economic growth over 2012 and 2013.

The report explained that this growth is forecasted based on the mining expansion as the main driver.

“Mining expansion will continue, but some other sectors are having to adjust to the high level of the exchange rate and raise their productivity, which can be expected to weigh on the labour market,” the report summarized.

Recommendations made to “the authorities” by the report included that the economy should be facilitated by making the necessary adjustment and changes, rather than impeding changes by subsidising specific industries.

House prices high relative to wages
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%