Goal

A reasonable lifestyle and standard of living for all Tasmanians

Indicator - 1.1.5.

Tasmanian house price to income ratio

Measure of Progress - 1.1.5.1.

Tasmanian house price to income ratio

View detailed Progress report on this Measure

Baseline Measurement

The median sale price for Tasmanian residential properties sold during the year 2001-02, was 3.4 times the average annual Tasmania household income.

Where does this information come from?

Department of Health and Human Services

Why do we use this Measure?

Changes in house prices relative to people’s income levels provides a good indicator of how affordable housing is in Tasmania.

Explanation of measure

The ratio is calculated by dividing the moving annual median sale price for Tasmanian residential properties sold during a reference year by the median household income for that year. Sale price data is unpublished Real Estate Institute of Tasmania data. Median Tasmanian household income is sourced from the biennial Survey of Income and Housing Costs conducted by the ABS.

Tasmania Together Targets

Year	Target
2005	-
2010	1:3.4
2015	1:3.4
2020	1:3.4