Housing affordability improves for the first time since 2021 - REIA
Housing affordability for home buyers has finally turned a corner with the March quarter of 2024, showing improvement for the first time in three years - but it’s a tale of two cities.
ABS data shows that the Consumer Price Index (CPI) rose 3.6 per cent in the 12 months to April, following a 3.5 per cent rise in the twelve months to March and 3.4 per cent in the twelve months to February.
Australia appears to be experiencing the same final hurdles as the USA in getting inflation back into the target range,” said Real Estate Institute of Australia President, Ms Leanne Pilkington.
CBRE’s Residential Valuations National Survey elicited responses from 190 residential valuers - this is what they said
New CBRE survey highlights the country’s most in demand residential real estate and key city-based trends - Perth, Sydney and Adelaide tipped to record Australia’s strongest high price growth.
