Australian house prices are falling but have still more than doubled over the past decade

The average dwelling price in Australia has risen to more than 17 years of a typical household’s disposable income Want to get more charts in your inbox every fortnight? Sign up for The Crunch here House prices dropped across several Australian capital cities in recent months, with major banks predicting falls of 2-3% by the end of the year. But after a decade of accelerating house prices, this wouldn’t make a significant dent in housing affordability. Continue reading...