The housing affordability ‘crisis' is failing to deter homebuyers in many Australian locations, according to a nationwide study released today by independent property advisors Herron Todd White.

The study found that housing affordability has created a regional market dichotomy as a result of differential effects of the mining boom, drought and population explosion on Australian locations.

Herron Todd White chairman, Peter Degotardi, said that some markets such as Darwin and North Queensland are continuing to boom almost oblivious to the affordability issue.

"Markets such as inner-Melbourne, inner-Brisbane and North Sydney are also regaining momentum despite high perceived property prices," Mr Degotardi said.

"However the Perth market appears to be resting, being perceived as over-cooked, he said."

The report found that a different dimension to affordability is the moneyed economy.

Mr Degotardi said that high employment growth, low unemployment and strong job security is driving consumer spending in many parts of the nation and that housing is no exception.

"Housing demand is not just about the volume of housing, in many places it's about consumers achieving a higher and higher standard of housing as well," Mr Degotardi said.

"Homebuyers are choosing to go deeper into debt to achieve the housing status they desire, rather than compromise on their housing aspirations.

"The point is that middle Australia is feeling confident about having a go in the property market despite high housing prices and uncertainty about future interest rate rises," said Mr Degotardi.

A full report covering housing affordability across the nation can be found at www.htw.com.au

Herron Todd White is Australia's largest independent property advisory and valuation firm with 40 offices across the nation and more than 400 staff.