Housing affordability has declined across the country in all states and territories and rental affordability improved in New South Wales and Queensland during the last quarter of 2017, according to research from the Real Estate Institute of Australia and Adelaide Bank.
REIA President Malcolm Gunning said the December quarter 2017 edition of the Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments increased by 1.3 percentage points to 31.6 per cent over the quarter.
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REIA News – March 2021