Wednesday, May 21, 2008

Housing affordability at record low

The Housing Industry Association/Commonwealth Bank first home buyer affordability index slumped by 3.5 per cent in the three months to the end of March. This is the worst result since the series began in 1984.

The latest index also was 10 per cent lower compared with the March quarter of 2007. The March quarter housing affordability index fall was double the December quarter's 1.7 per cent slide.

Posted by chris @ 03:25 AM (578 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>