Housing Affordability Improving But First Home Buyers Dissappearing

March 24th,2014

The first quarter of 2013 saw a slight improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 0.5 percentage points to 29.9% according to the Adelaide Bank/Real Estate Institute of Australia (REIA) Housing Affordability Report.

REIA President, Mr Peter Bushby says, “Housing affordability has been slowly improving for seven consecutive quarters, with the proportion of income required at its lowest since the December quarter 2009.”