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Housing affordability slips further out of reach

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Your Investment Property | 05 Mar 2015, 11:13 AM Agree 0
Housing affordability is continuing to look bleak for first home buyers, after the proportion of income required to meet loan repayments increased nationally to 31.5%, according to the REIA Housing Affordability Report.
  • Zero hedge | 05 Mar 2015, 08:43 PM Agree 0
    Simply not true....... Average wage is 70k which I find hard to believe in the first place.... So if the average mortgage in sydney is 900k at 5% your paying approx $1215 per week!!!

    SO HOW CAN THIS ARTICLE STATE THAT $1500pw average wage IS 31.5% of income.... More like UNAFORDABLE!!!
    It's more like 40 to 60% on average.

    This article is a lie, just like the realestate agents that push properties higher...... Your children will suffer on the selfish alter your building now!
  • cha0s | 06 Mar 2015, 05:48 PM Agree 0
    My annual wage does not push past 40k per year and my partner is a stay at home mum what hope do we have of ever owning our own home. The facts in this article are completely baloney
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