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Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster – NEWS.com.au
Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster
Housing affordability in Australia has deteriorated due to rising property prices amid sky-high demand from owner-occupiers, specifically first-home buyers.A new report by ratings agency Moody’s shows that, on average, dual-income households needed 24.6 per cent of their monthly income to meet home loan repayments last month, rising from 23 per cent in September and 22.7 per cent mid-2020, when new mortgages were their most affordable in a decade.
The deterioration in housing affordability was evident…
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