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Housing affordability already declining across the nation, on the cusp of being ‘obliterated’ – Domain News
Housing affordability is back on the decline across Australia and could be ‘obliterated’ by surging property prices, a new report shows.
Housing affordability is back on the decline across Australia and could be obliterated by surging property prices, a new report shows.
Rapidly rising house prices and larger homes loans saw a deterioration in housing affordability last quarter, according to the Real Estate Institute of Australias (REIA) latest Housing Affordability Report, released Wednesday.
Nationally, the reports measure for housing affordability the proportion of income required to meet loan repayments increased 0.9 percentage…
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