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Australian housing crisis escalates as affordability worsens

Rising interest rates and weak disposable income growth have caused housing affordability to drop to its lowest point in decades, according to Queensland Investment Corporation (QIC) senior economists.

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Read more: EconomistsUBSHousing affordabilityQueensland Investment CorporationGDPQICAustralian Bureau of StatisticsReserve Bank of AustraliaHousing crisis