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Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster

Sumary of Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster:

  • Sumary of Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster:.
  • A new report by ratings agency Moody shows that, on average, dual-income households needed 24.6 per cent of their monthly income to meet home loan repayments last month, rising from 23 per cent in September and 22.7 per cent mid-2020, when new mortgages were their most affordable in a decade…
  • Moody warns housing affordability will continue to worsen for the rest of this year despite record low interest rates, given dwelling prices keep surging but incomes remain low…
  • CoreLogic data released last week showed home values rose by 2.1 per cent in February — the biggest month-on-month leap in more than 17 years….

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