According to REIV chief, Enzo Raimondo, Australia has had the highest level of housing affordability in nearly six years during the March Quarter. What this means is that the proportion of family income required to meet loan payments fell from 32.4 per cent in the previous quarter to 28.6 per cent.
Affordability improved most in Victoria, where the proportion of income required to meet loan payments fell to 27.7 per cent from 32.15 per cent in the previous quarter.
Good news.
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