Tuesday, October 22, 2019

Housing affordibility in Australia

This bar graph shows a nominal median house prices in each of the capital cities in March 1980 and March 2016 in Australia.There is a  huge difference in housing affordibility in Australia between March 1980 and March 2016. The prices of the houses in form of rent and mortgage were low, stable and affordable in 1980 but in 2016 the prices rose dramatically. So the housing affordibility has been decreased with the passage of time.

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