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Look what’s happening to housing affordability around Australia – good news!

The latest figures from Commonwealth Bank, showing housing affordability is improving across Australia.

Housing affordability index

Only Victoria looks to be something of a problem child with interest rates at such low levels.

Housing affordability index,vic

Everywhere else has improved dramatically. Here’s NSW:

Housing affordability index,nsw

And Western Australia:

Housing affordability index,wa

And Queensland, SA, Tassie and ACT:

Housing affordability index,qld
Housing affordability index,sa

 

Housing affordability index,tas

 

Housing affordability index,act
Source: CBA
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Pete Wargent

About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


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