Rental affordability improved during the June 2019 quarter to the lowest proportion of income required to meet rent payments since June 2008, according to research from the Real Estate Institute of Australia.
Potentially more risk from not acting in today's market following RBA cut - Ray White Chairman Brian White
Ray White Chairman Brian White has joined REIA President Adrian Kelly in welcoming Tuesday's RBA cut, and while the decision was well received, Finsure Managing Director John Kolenda believes the lending market remains the overriding issue.
There has been no relief for the lending market in March, with new figures from the Australian Bureau of Statistics showing a further decline in the number of loans for housing.
The Australian Bureau of Statistics has released its Lending to Households and Businesses for February 2019, presenting statistics on housing finance commitments including for the purchase or construction of new dwellings.
Infrastructure spend welcomed but property concerns remain following budget
The Federal Government's 2019 budget has been headlined by a $100 billion infrastructure spend across the next decade, but there remains uncertainty about the impact of a declining housing market.
