PHOTO: The data shows Australia is tracking well ahead of other developed countries. Image/Supplied.
There is a graph that’s been making the rounds online. And it makes for stark viewing for anyone who owns property in Australia.
Graphs are extremely powerful — this one is more powerful than most. It shows Australia is weird.
Australian house prices have been getting more and more expensive relative to personal disposable income — but it does not have to be that way. On average, in a large group of rich countries, the opposite is true: houses are getting easier and easier to afford.
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