Housing affordability the worst it has been for over 30 years
AUSTRALIAN housing is at its least affordable for over three decades, according to a new Housing Industry Association report. The HIA Affordability Index deteriorated by 3.1 per cent in the June quarter 2026, putting Australian housing in its most parlous state since HIA records began in 1994. HIA’s Affordability Index is calculated for each of the eight capital cities and seven regional areas on a quarterly basis and considers the latest dwelling prices, mortgage interest rates, and wage developments.“Even with dwelling prices declining in a number of markets, led by Sydney and Melbour