News
Housing affordability deteriorates

Tuesday 14th of October 2014
The average annual weekly wage increase of $28.06 over the year was not enough to offset a $30,000 increase in the national median house price and an increase in the average mortgage interest rate from 5.52% to 5.85%, the report said.
Affordability is assessed by comparing the average weekly earnings with the median dwelling price and interest rate.
In some regions, affordabilit...
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