REIA reveals finalists in National Awards for Excellence
The Real Estate Institute of Australia has released the names of finalists in its 2017 National Awards for Excellence. The winners will be announced in real estate's 'night of nights', this year being held at the Hyatt Hotel Canberra on Thursday 23 March.
Damian Percy, general manager of Adelaide Bank, says affordability won't improve while there is an unwillingness to "confront" voters who are "enjoying structural advantages that continue to keep a fire under house prices".
Affordability worsens as bigger mortgages erode benefits of lower rates
The proportion of family income required to meet average monthly loan repayments was 29.5% during the September quarter, up modestly from 29.4% the previous quarter, according to The Adelaide Bank/REIA Housing Affordability Report.