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‘Severely unaffordable’ market fails to deter buyers

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Your Investment Property | 24 Jan 2013, 09:10 AM Agree 0
The Annual Demographia International Housing Affordability Survey has called the country’s housing ‘vastly overpriced’ – but what this actually means is up for debate
  • Liam Patterson | 28 Jan 2013, 11:14 AM Agree 0
    The Demographia survey is flawed. It is produced by a pro-development lobby group whose aim is to remove restrictions on residential development, so it is in their interest to overstate the cost of housing. Their data for Australia in particular has been shown to be incorrect - google 'Demographia Debunked' for more details. Demographia's income data for Australia doesn't match any official sources, and their dwelling price data is also incorrect as they omits the more affordable units/townhouses/semis/terraces from their calculations and only focus on standalone houses. Check the blog below for more details...

    http://australianpropertyforum.com/blog/entry/3174279/8081/

    Cheers,

    Liam Patterson
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