Houses are getting more affordable

Home loan repayments have fallen as the cash rate has declined.

Summary: Australian housing is often called “unaffordable” both in a local context and when compared to international markets. This conclusion is often drawn by comparing incomes with house prices. But it’s more appropriate to measure incomes against loan repayments, as this is the essence of affordability.

Key take-out: The average weekly home loan repayment has fallen from a peak of $546 in the June quarter of 2011 to $467 in the March quarter of 2014.

Key beneficiaries: General investors. Category: Property investment.

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