Across Australia, the proportion of family income needed to meet an average loan repayment was 34.2 per cent compared to 35.3 per cent in the December quarter and 32.6 per cent a year ago. This was due to a small decline in the average monthly loan repayment and a small increase in median family income. Comparing the states, it was apparent that Victoria remained the second most expensive state in which to buy a home. Only NSW was more expensive with 37.2 per cent of an average family income required. In Victoria in the March quarter, the proportion of family income needed to meet an average loan repayment was 35.9 per cent compared to 36.1 per cent in the December quarter and 32.6 per cent a year ago. Consistent with the situation across Australia, the small improvement was because the median weekly family income increased by $1 from $1469 and the average monthly loan repayment dropped by $6 to $2289. This change is so slight that most households would not have noticed. The situation was different for renters. The report revealed that only in Western Australia and the ACT was renting more affordable than it is in Victoria. In Victoria in the March quarter 22.9 per cent of the average family income was required to meet an average rent. In WA and the ACT, the comparative numbers are 20.5 and 16.8 per cent. The most expensive location was Tasmania were 29.5 per cent of income is required, a number which is actually higher than the comparative number of buying a home.