Investing In Property



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Housing Market "Most Affordable" Since 2014

Australia's housing market appears to be at its most affordable level in more than five years despite recording a rebound in prices over the recent months, according to a new report by the Housing Industry Association (HIA). The HIA Affordability Index rose during the September quarter by 2.2%, reflecting a reading of 80.8 for capitals and 94.8 for regional areas. Affordability measures improved across the country, in all eight capital cities. "This means that in Australia's capital cities, just over 1.2 incomes will comfortably be able to service an average mortgage, and in the regions barely more than one single income is required," HIA chief economist Tim Reardon said. The most significan

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