Overvalued or Undervalued? 2024 Edition
Following our Overvalued or Undervalued whitepapers in the past 2 years, let’s find out how the relative affordability of each city/region has changed over 2023.
01
Which cities’ house prices have exceeded the locals’ home loan serviceability and which haven’t?
02
How is the market pressure in Australia’s biggest property sub-markets?
03
Where is each of these sub-markets going in 2024?

Overvalued or Undervalued? 2024 Edition
Featured in over
1000+ media articles
What You Could Learn
30 pages of data-backed analysis. Zero fillers.
Here’s exactly what’s covered in this edition, so you know whether it’s worth your time before you download.
01
Affordability Methodology
How we assess relative affordability — mortgage serviceability vs. local incomes across multiple interest rate scenarios.
02
Capital City Affordability
Which capital city house markets have exceeded — or remain within — local borrowers’ serviceability thresholds.
03
Regional Market Affordability
Affordability analysis of the 25 most populated regional cities — where relative value still exists.
04
Market Pressure & Outlook
Combining affordability with market pressure to identify which markets are well-positioned for growth.
Preview
A taste of what this report reveals
33 markets
Capital and regional cities’ house affordability assessed
8.1%
National home value growth in 2023 despite surging interest rates
4.35%
RBA cash rate reached in 2023 — highest in over a decade
With high interest rates and growing house prices on the one hand and fast-growing wages on the other, how has Australia’s house affordability changed?
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InvestorKit invests nearly $1M per year in proprietary research, integrating 30+ data sources including ABS, CoreLogic, REIV, and SQM into models covering supply, demand, affordability, and market pressure. Our research has been featured in over 1,000 media articles and cited by AFR, Domain, realestate.com.au, and Yahoo Finance. We don’t sell property. We sell clarity.
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