Quiet Confidence Continues for Home Owners as Housing Affordability Rises

March 24th,2014

The Real Estate Institute of Australia (REIA) says the September quarter of 2012 recorded a minor improvement in housing affordability.

REIA President Ms Pamela Bennett says, “The proportion of income required to meet loan repayments decreased slightly, just 0.1 percentage points to 31.8%. Housing affordability has been improving very gradually for five consecutive quarters.”