ER37 What's happened in the intermediate housing market since 2015? (March 2019)

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.