First home buyers hit hardest by worsening affordability
Housing affordability declined over the September quarter of 2021, with the proportion of income required to meet loan repayments increasing to 36.2% nationally, the latest Real Estate Institute of
First home buyers now make up 35.0% of owner occupier dwelling commitments (Image source: Shutterstock.com)
Housing affordability declined over the September quarter of 2021, with the proportion of income required to meet loan repayments increasing to 36.2% nationally, the latest Real Estate Institute of Australia (REIA) Housing Affordability Report has found.
REIA President, Adrian Kelly said housing affordability shows a worsening situation, particularly for first home buyers.
“While housing affordability declined across many states over the Septem…
