In 2023, the percentage of Australian households devoting more than 40% of their income to housing costs stood at 1.09%. Forecasted values for 2024 to 2028 show a steady increase from 1.1% to 1.11%. Over the last two years, the variation has been minimal, with an average annual growth rate of approximately 0.2%. The Compound Annual Growth Rate (CAGR) over the last five years indicates a similar gradual increase, emphasizing a persistent, albeit slight, rise in housing cost overburden.

Future trends to watch for include:

Economic policies impacting housing affordability.
Inflation and interest rate changes affecting household income and housing costs.
Potential government interventions in the housing market.