{"id":41316,"date":"2022-12-28T10:55:15","date_gmt":"2022-12-27T21:55:15","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=41316"},"modified":"2022-12-28T10:56:24","modified_gmt":"2022-12-27T21:56:24","slug":"australias-misaligned-housing-market-at-risk-of-major-crash","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-misaligned-housing-market-at-risk-of-major-crash\/","title":{"rendered":"Australia’s ‘misaligned’ housing market at risk of major crash | WATCH"},"content":{"rendered":"

PHOTO: The combination of high prices on top of sharp increases in mortgage interest rates mean the average Australian household needs to spend more than 40 per cent of disposable income to afford a median-priced house.<\/strong><\/p>\n

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Property prices in Australia may be as much as 50 per cent above what an average household can afford as interest rates rise, a global analysis has revealed while warning the market is at risk of a major crash as interest rates are pushed up to bring inflation under control.<\/p>\n

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In a report on housing stability and affordability, the International Monetary Fund said Australia\u2019s property and rental markets are some of the most \u201cmisaligned\u201d in the developed world.<\/p>\n

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Australia has one of the most \u201cmisaligned\u201d housing and rental markets in the developed world, leading to high priced land and houses.<\/span>CREDIT: <\/span>LOUIE DOUVIS<\/cite><\/strong><\/em><\/figcaption><\/figure>\n

The combination of high prices on top of sharp increases in mortgage interest rates mean the average Australian household needs to spend more than 40 per cent of disposable income to afford a median-priced house.<\/p>\n