Housing is as affordable as the '80s

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01-Dec-2011 Contrary to popular belief, property prices in Australia over the past 30 years have only grown in line with rising incomes and lower interest rates, a prominent property economist has claimed. Head of property research at ANZ Bank, Paul Braddick, said today's purchasing power was equal to the actual cost of the average home (including mortgage payments), as it was during the mid-1980s.  Read More...

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