Home loan affordability up [13jun06] 

Home loan affordability up [13jun06]

The Real Estate Institute of Australia (REIA) Home Loan Affordability Report found average loan repayments consumed 31.9 per cent of median weekly family income in the March quarter.
That was down from 32.3 per cent in the December quarter. although it was slightly higher than the 31.4 per cent recorded in the previous March quarter.
The most affordable location was Canberra. with the proportion of family income required to pay the average loan dropping to 18.8 per cent from 19.9 per cent.
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Real Estate