Home prices, rents, mortgage burden, and housing supply.
The total number of new residential dwelling units approved for construction each month. A leading indicator of future housing supply — approvals today become completions 12 to 18 months from now.
Total household debt (mortgages, personal loans, credit cards) as a percentage of annual household disposable income. Australia's ratio is among the highest in the world.
The annual percentage change in total housing credit (mortgage lending) outstanding. Shows how fast the stock of housing debt is growing.
Mean price of residential dwellings: the value of dwellings owned by households divided by the number of dwellings, nationally (RBA Table E1) and by state (ABS, the same calculation). A mean, not a median, and it counts households' dwellings only: the Northern Territory figure is about 17% below ABS's all-sector mean price because households own a smaller share of its dwelling value.
Modelled percentage of average gross income required to service a typical new mortgage. Assumes 80% LVR on a median-priced dwelling at the prevailing standard variable rate over a 30-year term.
Number of new residential dwellings completed each quarter, nationally and by state.
ABS Consumer Price Index for rents — the cost of renting a dwelling. Published as an index number (the ABS CPI reference period = 100), not a dollar figure per week.
Rents relative to wages: the ABS CPI rents index divided by the ABS Wage Price Index, rebased to 100 at their first common quarter. A rising ratio means rents are outpacing wages — worsening rental affordability.
The standard variable housing lending rate offered by major banks. This is the benchmark rate used for most existing variable-rate home loans.
