The objective of this report is to present an update on the trend relating to the size of the intermediate housing market since 2015.
The intermediate housing market is a relative measure of the affordability of housing for first-home buyers. The intermediate housing market is defined as those households that:
- are currently in the private rental market
- have at least one member of the household in paid employment
- cannot afford to buy a house at the lower quartile house price under standard bank lending criteria.