This paper undertakes a review of International and
Australian research of housing affordability measures, providing commentary on
the need for a more holistic approach taking the whole of life costs into
account rather than a simple initial yield approach currently being used in
Australia. The paper also measures the variances in the whole of life impacts
on housing affordability in the Brisbane CBD and outer suburban areas, while
also providing a number of implication based on the research for future
high-density city affordable housing supply.