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The Deposit Power Housing Affordability Report is recognised as the most authoritative indicator of Australian housing affordability currently available.
To ensure an accurate profile of housing affordability nationwide, the Deposit Power Housing Affordability Report incorporates data from all major lending institutions, the Australian Bureau of Statistics and Cannex Ltd.
Median weekly family income figures are based on ABS Family Income Surveys, and are updated from ABS Average Weekly Earnings data. Median rental data are based on data reported in the Mortgage Choice Real Estate Market Facts publication.
The Deposit Power Housing Affordability Report contains the following information for Australia and each of the states and territories:
- Proportion of family income devoted to meeting average loan repayments
- Proportion of family income devoted to meet median rent repayments
- Comparison of movements in rents and CPI
- Median weekly family income
- Average monthly loan repayments
- Average loan
- Total number of loans
- verage loan, standard variable interest rate and fixed interest rate figures for banks, building societies and other lenders.
- Home loan affordability indicator
The Deposit Power Housing Affordability Report also includes commentary from Australia’s Australia’s leading provider of deposit guarantees, Deposit Power. Deposit Power provide valuable insight into current economic and consumer trends.
To subscribe to the Deposit Power Housing Affordability Report, click here. For further information, please contact REIA on 02 6282 4277.
About Deposit Power
Deposit Power, Australia’s leading provider of deposit guarantees is celebrating its 20th year of operation having assisted over 750,000 Australians purchase real estate since 1989.
Deposit Power is a substitute for the cash deposit when purchasing residential property and can be issued for all or part of the deposit requirement, up to 10% of the purchase price. Deposit Power is ideal for both auction and private treaty purchases and can be used by anyone purchasing residential property including investors, first home buyers or people buying and selling simultaneously.
Available for terms between 6 and 48 months, Deposit Power is a convenient and cost effective alternative for purchasers needing to provide a cash deposit. Deposit Power is guaranteed by Vero Insurance Limited, rated by Standard and Poors as A+.
For more information about Deposit Power, click here.
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