20 years of data confirms it’s getting tougher to pay the mortgage
A new Real Estate Institute of Australia report has revealed big challenges for investors, with housing affordability on the decline and rental growth not keeping pace with the change.
Investing in property is becoming more challenging, with rental growth not keeping pace with house price rises. Photo: Shutterstock (Image source: Shutterstock.com)
It’s often the case that we look back with rose-coloured glasses, but when it comes to keeping the head above water while paying a home loan, life really was easier 20 years ago.
Since June 2001, the average proportion of family income required to meet loan repayments increased from 27.2 per cent to 35.7 per cent.
The Real Estate Institute of Australia’s newly released Housing Affordability Report: A 20-year analysis revealed that housing affor…
