Cookies on the this website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to PropertyWire?

Welcome, and thank you for visiting our website.

PropertyWire is the leading publication for property investors and industry professionals interested in the world of international property investment.

Our aim is to give you intelligent commentary and analysis on the world of retail and commercial real estate.
If you've enjoyed what you've read so far why not sign up for our FREE property alert and online magazine PropertyWire Confidential.

Every week the PropertyWire team sends out a hard-hitting newsletter packed with news and analysis of the top stories plus the best investment opportunities on the market. We always look at the bigger picture like the Euro Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

Mon
Jan 26th
Lost Password? Register
Home arrow News arrow Australasia arrow Housing affordability improving across Australia, latest index suggests

Housing affordability improving across Australia, latest index suggests

Tuesday, 27 November 2012
Image
Housing affordability in Australia continued in the September 2012 quarter with improvements evident across all geographical areas, according to the latest index from the  Housing Industry Association, the voice of Australia’s residential building industry.

The HIA-CBA Housing Affordability Index increased by 5.3% in the September 2012 quarter to be up by 15% compared to the same quarter in 2011, the seventh consecutive quarterly improvement.

‘The run of consecutive improvements in some regional indices is even longer, in some instances showing affordability has reached levels not seen since the early 2000s,’ said HIA chief economist Harley Dale.

‘Housing affordability has been improving on the back of steadily growing incomes, falling interest rates, and easing dwelling prices. At the same time, however, transactions volumes have remained historically low as economic uncertainty has weighed heavily on households’ willingness to engage in the residential property market,’ he explained.

He is hopeful that tentative signs of a recovery in transactions volumes should hopefully gather legs. ‘Another interest rate cut in early December would enhance the prospects of this occurring. An increase in home buyer action can occur without generating undue inflationary pressure and would assist a much-needed recovery in new residential construction activity,’ said Dale

The HIA-CBA Housing Affordability Report recorded improved affordability in all seven capital city indices as well as improvements in the six indices tracking the non-metro regions of each state. Northern Territory is not included in the analysis.


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
More Recent News
Earlier News
To see all the latest news articles in our monthly online magazine, Property Wire Confidential, sign up free here






Car park

The Foundry

Car park

West Tower

home rental guide

Barratt Homes

West Tower

Australasia: Top Headline

New home starts in Australia hit all-time high, latest data showsNew home starts in Australia hit all-time high, latest data shows{mosimage} More new homes in Australia were started in the September quarter of 2014 than in any quarter since records began in the mid-1980s, the latest figures shows.

Search for Properties:

Feature story

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Company news

Fine & Country opened 42 offices in 2014 and expanded into golf sector

International estate agency network Fine & Country has had its most successful year to date with 42 offices opening in the last 12 months as well as the launch of a new department Fine & Country Golf.

Finance Update

Nationwide reduces home buying rates, including 10 year fixed mortgage deal

The Nationwide Building Society has launched what it describes as the lowest 10 year fixed rate mortgage currently on the UK market.

Features

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.

 

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our Australasia property and real estate news feed (RSS)