Housing More Affordable but First Home Buyers Disappearing

March 24th,2014

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%.”

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