REIAThe June Quarter 2013 edition of the Adelaide Bank/REIA Housing Affordability Report showed an improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 1.2 percentage points to 28.7%.

“Successive reductions in interest rates mean that housing affordability has been improving slightly for the last two years.  The proportion of family income required to meet loan repayments is now at its lowest since the June quarter of 2003”, said Damian Percy, General Manager, Adelaide Bank.

Read more ...