HOME affordability is at its lowest level in 22 years, with more than a third of a family’s income needed to make average mortgage repayments, the Real Estate Institute of Australia (REIA) says. The Deposit Power/REIA Affordability report for the September quarter found 36.6 per cent of household income was needed to cover average home loan repayments.
» Home affordability lowest in 22 years – news.com, 23rd November 2007.