Business
Rental affordability hasn’t looked this good in 13 years – Yahoo Finance Australia
Wages aren’t getting much better – but low interest rates have brought down loan repayments.
A smaller proportion of Australian pay packets are going to rent, with rental affordability at its highest levels in over a decade, new data has revealed.
According to the Real Estate Institute of Australias (REIA) latest housing affordability report, rental affordability improved across the whole country over March, April, and June this year.
The proportion of household income needed to meet rent payments fell by 0.4 per cent to 23.3 per cent over the June quarter.
This is down 0.5 per cent …
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