How do we get a sense of how much house prices will rise in Australia?
In a survey of house prices in the US and Australia, the authors find that a large part of the increase is driven by a huge rise in the number of people living in the cities.
It is not just about new houses being built.
Newer people are moving into the cities and into the suburbs, where they are less likely to need to commute, and the number is on the rise.
While we might not see a dramatic jump in house prices for many years, there is reason to be concerned that house prices could become unaffordable.
According to the National Bureau of Economic Research, median house prices fell by about 9 per cent between the last quarter of 2017 and the second quarter of 2018, while house prices have risen by about 22 per cent over the same period.
If house prices fall even further, it could mean that a significant number of Australians will be priced out of owning their own home.
In Melbourne, median prices have dropped by more than 10 per cent in just one year.
The most expensive house in the country, for example, is priced at $1.6 million, while in Sydney it is only $950,000.
But what about the future?
The authors say that in the coming years, affordability could become even more of a problem for Australians, with higher housing prices driving people to move out of the city.
“In a very real sense, it’s the future, and if we continue down this path, affordability will become a real issue,” they write.
What we know about Australian housing market: Source: ABS Census dataThe National Bureau Of Economic Research said in a statement that it is not possible to predict when Australia will be able to sustainably replace a population that is growing faster than ever.
Australia has always had large cities in large numbers.
The average size of a city is now higher than that of any other country.
There are now more than 30 million people in Australia, compared with just over 14 million in New Zealand.
Although the country is not experiencing population growth as quickly as other major countries, it is growing rapidly and is set to overtake China as the world’s biggest economy by 2030.
One of the biggest challenges in the future for Australia is the rise of urban sprawl, which could drive up house prices, driving away buyers and reducing the supply of affordable housing.
Professor Simon Chapman, an economist at the University of Melbourne, said house prices would rise as population growth slows.
He said there would also be an impact on wages.
“(The higher house prices) are not only hurting people’s wages but they are also reducing employment in a real sense because they are making people less likely [to live in the city],” he said.
This could cause problems for people in the workforce who could become dependent on housing assistance.
House prices are expected to continue to rise until about 2020, with prices expected to peak in 2021 and to decline by the end of the decade.
Auckland housing market ‘very high’ but not as high as the rest of the countryAuckland is the second-most expensive city in the world.
Between the last three quarters of 2017-18 and the first three quarters this year, it has seen a rise of 10 per of median house price.
As a result, the median price of a property in Auckland is $3.8 million, according to the Real Estate Institute of New Zealand (REINZ).
The median price for a property that is five years old in Auckland has increased by nearly $1 million, or nearly 5 per cent, between the first quarter of this year and the latest quarter.
Prices are forecast to continue increasing at a rate of more than 4 per cent a year for the next three years.