Australia&#8217;s housing market is &#8216;misaligned&#8217; and at risk of a major crash
Senior economist at REA Group Paul Ryan says with a 300-point increase in interest rates over 2022, the current price levels are unaffordable to consumers.

“On the other side of the coin, you have really strong rent price growth. So it is not like renting is a much cheaper option for prospective home searchers,” Mr Ryan told Sky News Australia.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Australia&#8217;s housing market is &#8216;misaligned&#8217; and at risk of a major crash

### Response: Senior economist at REA Group Paul Ryan says with a 300-point increase in interest rates over 2022, the current price levels are unaffordable to consumers.

“On the other side of the coin, you have really strong rent price growth. So it is not like renting is a much cheaper option for prospective home searchers,” Mr Ryan told Sky News Australia.