“On the other side of the coin, you have really strong rent price growth.
So it is not like renting is a much cheaper option for prospective home searchers,” Mr Ryan told Sky News Australia.
Australia’s housing market is ‘misaligned’ and at risk of a major crash
Canada News News
Senior economist at REA Group Paul Ryan says with a 300-point increase in interest rates over 2022, the current price levels are unaffordable to consumers.