Housing affordability has continued as a topical issue among many disciplines, including planning. House prices have risen dramatically over the past several years with no real comparable rise in income. Given the steep rise in house prices housing affordability has become a significant issue for policy makers. Current financial meltdown experienced in many countries including Australia affect housing affordability in many ways including rising unemployment, declining housing construction. Housing policy calls for broad approach that takes adequate account of the distinct interdependences involved. This paper examines the interdependences between (1) house price and housing construction, (2) house price and intra-urban variations in housing demand, and (3) housing and urban planning policies. These interconnections are explored using longitudinal house sales price and census 2006 based neighbourhood typologies. Using Adelaide an example this paper will present the extent to which the overall house price profile has overall changed; how that change maps onto neighbourhood types; and the extent to which neighbourhoods can be differentiated according to their trajectories, in terms of both price movements and housing affordability. The analysis is set in the context of debates about the impact of changing housing consumption patterns and its relevance on housing and planning policies