Sell with Confidence
Read More
News

Housing affordability good across Australia

 Buying a home can be expensive – especially if you're about to purchase your very first home. Fortunately, anyone looking for a slice of real estate will be pleased to hear that property has become more affordable in recent years. 

The findings come from the Housing Industry Association, which reported that houses are more than 10 per cent more affordable in the first quarter of this year than they were the same time last year. 

One reason behind the high affordability in Australia is the record low interest rates, coupled with strong wage growth. This has made purchasing property more achievable for many ordinary Australians. 

If you are in the market for a new house then this will be a welcome development, as increasing affordability will be a big benefit to those on the lookout for a property.

Affordability remains low in major cities

Although houses were more affordable on a national scale, many Brisbanites are still facing high property prices in the city. Brisbane was one of a number of areas which saw property affordability remain largely unchanged over the quarter, according to the Housing Industry Association.

While this may not benefit first home buyers looking in the city centre, it will be good news for those looking to sell in Bulimba and other inner city suburbs. With demand remaining high in these areas, you should be able to reach a good sale price for your property.

Up to Date

Latest News

  • The Importance Of Art When Selling A Home

    In the quest of a safe sale, many homeowners make the mistake of stripping away decor and design to leave what was once a lived-in home feeling like four cold, empty façades. A prospective property buyer needs to be able to visualise themselves in a home and find their own … Read more

    Read Full Post

  • 5 Of The Best Before-And-After Kitchen Transformations

    The creative vision of a good designer or builder can be invaluable when you want to make big changes to your kitchen. If you’re faced with an uninspiring layout, you might be surprised at how radically different it could look with a little imagination. Check out these before and after … Read more

    Read Full Post