Housing loan affordability has declined across Australia, however, it is good news for those who are renting with affordability generally improving in the second quarter of 2017, according to the Real Estate Institute of Australia (REIA).
The latest Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments increased by 0.2 percentage points to 31.4 per cent.
REIA President Malcolm Gunning said at the same time, the total number of loans and the number of loans to first home buyers increased by 9.6 per cent and 14.0 per cent respectively, with increases in all states and territories except Tasmania.
FOR FULL MEDIA RELEASE CLICK HERE
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021