Insipid statistics: How housing affordability statistics hide the shameful truth about home ownership in Australia.

By Robert Snell, Certified Financial Planner and Housing Affordability Expert. Sometime ago, I can’t pin point when it actually happened, politicians, analysts and journalists changed the way they reported on housing affordability statistics. Since then it’s hard to find any commentator who believe young Australians aren’t facing a housing affordability crisis. At its most basic measure, housing affordability can be determined by the median home price in a city, for example Sydney and income. The median house price (the middle house price from lowest to highest prices, when placed in order), provides a reasonable indicator as to where the price [...]

2018-02-23T17:18:40+11:00 June 9th, 2017|Own It|

Home unaffordability – Young Australians are getting left behind

In 2015 I made a personal submission to the Federal Government Tax Review. I was at the time I was concerned about home unaffordability (and continue to be). In the submission I expressed concerns about the rising price of homes and how difficult it was for young Australians to be able to afford to buy and pay off their first home. I also offered some tax-based solutions on how to fix it.  To read my submission, click here. Since then nothing has changed and I’ve continued to become annoyed about this, as I hear from clients with adult children about [...]

2018-02-23T17:45:56+11:00 April 18th, 2017|Own It|