Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

A buyer?s market it ain?t

Staff Reporter 1 minute read

The Commonwealth Bank and Australian Housing Association (HIA) Index declared housing affordability to be at its lowest in 23 years. The daily papers all shared the pain being felt by home owners across the country, with the HIA estimating that average weekly mortgage repayments now account for around 30.8 per cent of first home buyers’ incomes.

HIA managing director Ron Silberberg claimed the crisis was “not part of some cyclical trend that will correct itself”, stressing the need for government action.

Advertisement
Advertisement

 

A buyer?s market it ain?t
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB