The REIA Housing Affordability Report is out for the March quarter and shows a marginal improvement across the country to housing affordability.
The proportion of income required to meet loan repayments decreased by 0.1 percentage points to 34.7% over the quarter, according to the report.
In his introduction to the report REIA president, Adrian Kelly outlined the highlights of the findings.
“With the exception of Victoria, Tasmania and Western Australia, housing affordability improved across the states and territories with the Australian Capital Territory having the largest improvement 1.1 percentage points,” said Mr Kelly.
Download the full media release here:
RENTAL EVICTION MORATORIUMS SHOULD BE REVISITED BY NATIONAL CABINET
HOUSING CONTINUES ITS RECORD RUN
HOUSING MARKET READY TO BE PUT TO THE TEST IN 2021
OCCUPATIONAL MOBILITY MUST SERVE PROPERTY CUSTOMERS: REIA SAYS
REIA News – December 2020
MYEFO POINTS TO GAINS FOR THE PROPERTY MARKET PROMPTED BY QUICKER ECONOMIC RECOVERY
REIA WELCOMES STATE OF THE NATION’S HOUSING REPORT
RE-ELECTED REIA PRESIDENT, ADRIAN KELLY SAYS MEMBERS ARE REPORTING STRONG RECOVERY AFTER CHALLENGING YEAR
