Measuring housing affordablity

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01-Dec-2011 The traditional method of calculating housing affordability is outdated and should be considered in conjunction with other ways of weighing up whether people can afford their mortgage or rent. That's the finding of a new study from the Australian Housing and Urban Research Institute, which also concluded that some households could afford to spend more than half of their income on mortgages or rents, while others struggled when housing ate up 30 per cent or less of their gross earnings.  Read More...

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