REIA backs HAFFF but housing affordability remains critical
The Real Estate Institute of Australia (REIA) has welcomed the Federal Government's announcement of funding for social and affordable housing but remains concerned about broader housing affordability issues, says REIA President, Ms Leanne Pilkington.
Housing Affordability Plummets to its lowest point in almost Three decades - REIA
REIA President, Leanne Pilkington said the analysis from REIA’s latest Housing Affordability Report shows the average loan repayment now amounts to 48.1% of the median family income, 1.3 percentage points more than last quarter.
Razor thin vacancy rates keep Queenslanders living on the edge - REIQ
Vacancy rates have edged up slightly across Queensland according to data released today from the Real Estate Institute of Queensland (REIQ), but the peak body warns that the broader outlook remains concerning says REIQ CEO Antonia Mercorella.
“Various segments of the housing market are increasingly active, with lending to first-home buyers, owner occupiers, and investors increasing in the first half of 2024,” stated HIA Economist, Maurice Tapang.
Affordability crisis deepens as new loans drop - REIA
Ms. Leanne Pilkington, President of REIA, remarked that despite lending rates remaining higher than a year ago, Australians are encountering difficulties, evident in the recent May statistics showing declines across various sectors.
