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….