AUSTRALIANS AT RISK OF BEING PRICED OUT OF HOME OWNERSHIP

March 28th,2022

Housing affordbility continued its decline over the December quarter of 2021, with the proportion of income required to meet loan repayments reaching 37%, the latest Real Estate Institute of Australia (REIA) Housing Affordability Report has found.

REIA President, Hayden Groves said affordability for both home buyers and renters has become a key issue for Australians and with interest rate rises looming, affordability could worsten.