Hous­ing more af­ford­able

Pilbara News - - Property -

REIWA has re­ported an im­prove­ment in af­ford­abil­ity in WA’s hous­ing and rental mar­kets in the past quar­ter, ac­cord­ing to the Ade­laide Bank/REIA Hous­ing Af­ford­abil­ity re­port.

Data re­vealed the pro­por­tion of in­come to meet loan re­pay­ments de­creased from 24.3 per­cent to 23.4 per cent.

WA’s rental mar­ket was more af­ford­able in the March quar­ter with fig­ures show­ing the pro­por­tion of in­come needed to meet the me­dian rent price de­creased by half a per cent to 18.6 per cent.

The re­port also shows the vol­ume of first-home­buy­ers in the mar­ket has de­creased by 6.5 per cent and there was a dip of 3.2 per cent in the amount of loans taken out in the March quar­ter.

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