After both major parties said they wanted to see house prices to continue to grow, the Greens asked for some analysis on what that might mean.

They also had a look at the very good analysis the Guardian’s economics editor, Patrick Commins did looking at how long Australians could be waiting for housing to become affordable under the major party policies.

Spoiler – it is all bad:

New Greens analysis has shown that average house prices could grow by up to $121,500 nationally this year, under the major parties’ unity ticket to further turbocharge house prices.

In Sydney, the projected increase would mean a median house price rise of $112,800 under Labor or $211,500 under the Coalition.

A typical house in Brisbane would increase by $72,000 this year under Labor, or by $135,000 under the Coalition.

The changes would mean house prices would rise 2.5 times faster than wages under Labor, or 4.6 times faster under the Coalition.

The analysis utilises estimates from SQM economist Louis Christopher that house prices will rise by 8% this year under Labor’s recently announced policies, or 15% under the Coalition, and utilises CoreLogic median house price data and pre-election economic and fiscal outlook wage projections.

In comes as analysis from the Guardian shows Australians could be waiting more than 70 years for affordable housing following the paths of the major parties.