`Severely unaffordable` Oz house prices still better than in NZ
(WorldNews New Zealand)

Tougher lending restrictions and a more agile construction industry is being credited for Australia`s notoriously expensive housing market being more affordable than New Zealand`s. The annual Demographia International Housing Affordability released yesterday shows all of New Zealand`s main centres are now either seriously or severely unaffordable, with the median price 6.5 times the median household income. The study still considers Australia as severely unaffordable, but overall...