ACT maintains its top spot for affordability

by Caroline Dann04 Sep 2012

The ACT is Australia's most affordable state for a sixth year in a row, while NSW maintained its position as the most expensive place to buy.

The Real Estate Institute of Australia (REIA) released the figures today in its Housing Affordability Report.
The proportion of income required to make loan repayments in the ACT decreased over the quarter, to 14.7 percentage points below the national average.
Meanwhile, the report found all states improved in affordability compared to 2011's June quarter.
Despite some industry figures predicting a drop in first home buyers, REIA found numbers had in fact increased over the last quarter.



  • by BradQ 4/09/2012 9:36:02 AM

    not an indication of lower house prices, but higher wages....

  • by Tony Smith 4/09/2012 10:02:48 AM

    I agree completely with Brad, all those highly paid public servants will distort the figures.