The falling affordability of homes may lead to a second wave of growth in the Australian regional housing market as buyers are pushed out of the cities to cheaper, regional areas. CoreLogic head of research Eliza Owen told The Australian that since most capital cities were sitting at record high prices, movement to the periphery of large cities or more affordable regional centres was likely. “That creates additional pressures of displacement for some of those regional centres as well, and eventually prices become less affordable for locals,” Owen said. “That can create some disruption and may have more of a spillover effect into buying into different areas.” Despite growing affordability concerns, a financial comparison website, Canstar, found in a survey of over 800 Australians that 38 percent believed it was currently a good time to buy property. Those who agreed listed continued rising prices and low mortgage rates as the main …