Best fig­ures in six years

Herald Sun - Property - - Agent’s Choice -

US­TRALIA had the high­est level of af­ford­abil­ity in nearly six years in the March quar­ter. The pro­por­tion of fam­ily in­come re­quired to meet loan pay­ments fell from 32.4 per cent in the pre­vi­ous quar­ter to 28.6 per cent.

At the end of the quar­ter 44,487 first-home buy­ers were in the mar­ket, com­pared with 36,098 in the De­cem­ber quar­ter and 30,373 in the March quar­ter last year.

Af­ford­abil­ity im­proved most in Vic­to­ria. The pro­por­tion of in­come re­quired to meet loan pay­ments fell to 27.7 per cent from 32.15 per cent in the pre­vi­ous quar­ter.

Rental af­ford­abil­ity in Vic­to­ria re­mained un­changed dur­ing the March quar­ter, se­cur­ing Vic­to­ria’s po­si­tion as the sec­ond most-af­ford­able state in which to rent.

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