The Real Estate Institute of Australia (REIA) says that in the September quarter of 2013 the ACT remained the most affordable state or territory in which to buy a home, NSW remained the least affordable and first home buyers are disappearing.
REIA President Peter Bushby says, “The latest Adelaide Bank/REIA Housing Affordability Report shows an improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 1.2 percentage points to 29.8%.”
