Affordability worsens as bigger mortgages erode benefits of lower rates
The proportion of family income required to meet average monthly loan repayments was 29.5% during the September quarter, up modestly from 29.4% the previous quarter, according to The Adelaide Bank/REIA Housing Affordability Report.
Auctioneering Championships hit the Red Centre this week
Auctioneer Mark Sumich writes about the Australasian Real Estate Institute's Auctioneering Championships which are being held in Alice Springs this year.
According to a report just released home ownership is slipping away for many Australians and soon less than half of all adults will own their own home.
With negative gearing only available for investment in newly-built residential property existing investors will find it more difficult to sell their properties as other investors will show little interest in existing property with inevitable falls in value to follow.
