Published 10 months ago

Housing affordability at lowest level in 30 years, data shows

Summary by Ground News

A new report has found housing affordability in Australia is at an all-time low. Only 13 per cent of Australians earning an average income can afford to buy a property. People looking to buy in New South Wales, Victoria or Tasmania will have the toughest time finding something in their price bracket. First home buyers and lower-income households are finding it particularly challenging. Tasmania's peak body for community services, TasCOSS, fears Tasmanians will free fall into hardship.

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ABC Australia

Housing affordability at lowest level in 30 years, data shows

Skyrocketing house prices and mortgage rate increases have dragged housing affordability to its lowest level in three decades, according to new data from real estate analysts PropTrack.

10 months ago·Australia

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Gold Coast Bulletin

Housing in Australia now least affordable in 30 years

Housing affordability has sunk to its lowest level in three decades. Average mortgage costs have ballooned to 35 per cent of household incomes in some areas. Experts say that the affordability deterioration is attributed to steep and rapid rate rises and an overall rise in property prices during COVID-19.

10 months ago·Southport, Australia

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The Mercury

Australia's housing affordability hits lowest level in 30 years: report

SYDNEY, Sept. 2 (Xinhua) -- A new report released on Saturday found that Australia housing affordability is currently at its worst level in at least three decad

10 months ago

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Housing affordability at lowest level in 30 years, data shows

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Housing affordability at lowest level in 30 years, data shows

Housing affordability at lowest level in 30 years, data shows

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Housing in Australia now least affordable in 30 years

Australia's housing affordability hits lowest level in 30 years: report

Australia's housing affordability hits lowest level in 30 years: report

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