Median-income households can now afford just 12% of homes sold nationally, the lowest share on record, as three rate rises wiped $49,000 in borrowing power for couples.
The typical entry deposit is $31,000, and take-up rates vary sharply by location. Are government schemes enabling access to middle-ring suburbs, or simply pushing buyers outward?
Transaction data shows regional Australia now accounts for 35% of national spending. The question is whether remote work and borrowing capacity can hold that line through a November rate rise.
Builder survival rates have crashed to 2012 lows. The housing target sits six years out, and 43,000 of the new firms starting now won't make it to 2029.