GROWING THE SOUTH-WEST | Housing affordability hits 11-year high but NSW is most expensive

Generic image. Picture: PhotoMix/Pixabay
Generic image. Picture: PhotoMix/Pixabay

Rental affordability improved in the June quarter to the lowest proportion of income required to meet rent payments since June 2008, according to latest REI research.

NSW housing affordability dropped with the proportion of income needed to meet loan repayments rising to 37.1 per cent, an increase of 1.7 percentage points over the quarter but a drop of 1 percentage point compared with the same quarter last year.

With the proportion of income required to meet loan repayments at 6 percentage points higher than the nation's average, NSW remains the least affordable state or territory in which to buy a home.

ADRIAN KELLY, President, reia.asn.au

This story Hardest to afford a home in NSW first appeared on Liverpool City Champion.

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