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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 buyer with mortgage broker discussing affordability
First home buyers now make up 35.0% of owner occupier dwelling commitments

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…