Page 409 - Special Topic Session (STS) - Volume 2

STS508 Suraya Ismail
Figure 1: Growth in household incomes and house prices, 1997-2016

Compound annual growth rate, 1997 – 2016

Year 1997 1999 2002 2004 2007 2009 2012 2014 2016

Mean 12.7% -2.6% 6.6% 3.8% 4.2% 4.4% 7.2% 10.3% 6.2%
Income

Median 11.2% -0.6% 6.1% 3.8% 4.8% 5.4% 8.1% 11.7% 6.6%
Income

House 7.0% -6.1% 3.1% 4.3% 3.1% 3.1% 9.0% 10.6% 6.3%
Price

Table 2: Breakdown of house prices by state, 2016

398 | I S I W S C 2 0 1 9