Overview
The ANZ CoreLogic Housing Affordability Report is a guide to the trends and main drivers of housing affordability across Australia.
The latest ANZ-CoreLogic Affordability Report shows while housing affordability deteriorated in June 2024, it is not deteriorating everywhere. The silver lining of the soft Melbourne market, where values are down 4.9% from the peak, is that Melbourne dwellings are more affordable.
What is included?
Affordability in Melbourne improves
We’ve seen a significant shift in affordability, with dwelling values falling by 4.9 per cent from the peak
Rental market squeeze
Shifting dynamics mean renters will continue to struggle
Shift in price rankings
While Melbourne values are down, most other capital cities have seen strong increases