Business Services Industry
Home loan affordability improves.
Australasian Business Intelligence, August, 2005
Aug 31, 2005 (Australian Property Investor Magazine - ABIX via COMTEX) -- The AMP/Real Estate Institute of Australia (REIA) "Home Loan Affordability Report" for the March 2005 quarter has been released.
The report shows home loan affordability increased for the third quarter in a row, while the number of loans issued declined for the first time in three quarters. The size
of the average home loan fell by 0.5 per cent over the quarter, while average monthly loan repayments rose by $A4 to $A1,156 per month. Home loans were more affordable in Queensland, New South Wales, the ACT and the Northern Territory, but were less affordable in Western Australia, Tasmania, Victoria and...
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