Housing affordability improving, but number of first home buyers down, report finds
Housing affordability across the nation is slowly improving, but the credit squeeze is putting the brakes on the number of first home buyers entering the market, the Adelaide Bank/REIA Housing Affordability Report has revealed.
First-home buyer numbers are up but affordability worse: REIA / Adelaide Bank report
New Research from the REIA and Adelaide Bank shows the number of first-home buyers in the market increased during the December quarter, even though housing affordability declined.
Bank of mum and dad growing the divide between those who can and those who can't buy property
The latest Adelaide Bank/REIA Housing Affordability Report shows affordability is worsening, just as new research from Mozo shows increasing numbers of parents are stepping in to help their children get a foot on the property ladder.
First-home buyers remain out in the cold, despite affordability improvements
The number of first-home buyers in Australia declined 11.2% over the March quarter, according to latest Adelaide Bank/REIA Housing Affordability Report.
Damian Percy, general manager of Adelaide Bank, says affordability won't improve while there is an unwillingness to "confront" voters who are "enjoying structural advantages that continue to keep a fire under house prices".
The Adelaide Bank / REIA Housing Affordability Report shows that buying a house became less affordable in the three months to September, but rental affordability improved.