Rental stock 23-6-20

Rental stock 23-6-20

Rental stock 23-6-20

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Quarterly housing report shows affordability improved

Queensland

Housing affordability improved with the proportion of income required to meet home loan repayments decreasing to 30.4 per cent
Rental affordability improved over the quarter with the proportion of the median family income required to meet the median rent decreasing to 22 per cent
The number of loans to first home buyers in Queensland decreased to 5,419, a decrease of 5.9 per cent over the quarter but an increase of 20.8 per cent compared to the same quarter of 2019.
Of all Australian first home buyers over the quarter, 20 per cent were from Queensland while the proportion of first home buyers in the state’s owner-occupier market was 34.1%
The average loan size to first home buyers increased to $374,036, an increase of 3.4 per cent during the quarter and an increase of 12.9 per cent compared to the March quarter 2019.
The number of loans decreased in Queensland to 15,911, a decrease of 11.1 per cent over the quarter but an increase of 5.4 per cent compared to the March quarter of the previous year.
The average loan size increased to $414,154, an increase of 0.4 per cent during the quarter

Source: REIA

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Queensland

• Housing affordability improvedwith the proportion of income required to meet home loan repayments decreasing to 30.4 per cent
• Rental affordability improved over the quarter with the proportion of the median family income required to meet the median rent decreasing to 22 per cent
• The number of loans to first home buyers in Queensland decreased to 5,419, a decrease of 5.9 per centover the quarter but an increase of 20.8 per centcompared to the same quarter of 2019.
• Of all Australian first home buyers over the quarter, 20 per centwere from Queensland while the proportion of first home buyers in the state’s owner-occupier market was 34.1%
• The average loan size to first home buyers increased to $374,036, an increase of 3.4 per centduring the quarter and an increase of 12.9 per centcompared to the March quarter 2019.
• The number of loans decreased in Queensland to 15,911, a decrease of 11.1…

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