Running Head: Business Law 5 Running Head: Business Law 5 Running Head: Business Law 5 Running Head: Business Law 5 Running Head: Business Law 5 Running Head: Business Law 5 Running Head: Business Law

BUSINESS LAW 5 Running Head: BUSINESS LAW Business Law Author Note Introduction 2 The problem of housing affordability crisis 3 House price to Income ratio 3 The reason for Australia being so expensive 8 Growth in income and growth in housing prices 8 Conclusion 9 Recommendations 10 References 12 Introduction According to Langford (2016) housing affordability signifies the relationship between household incomes and expenditure on housing such as mortgage payments, rents and prices. The problem is even more acute in NSW in relation to which it has been indicated by the Parliamentary Library calculations that