Buying a house is not that much more affordable – except in a few affluent pockets
- Aug 31, 2022
- 1 min read
Housing affordability has barely improved despite the property market downturn, although a handful of affluent areas are the exceptions, new research reveals.
House prices are still sky-high in many neighbourhoods, and regional Australians and renters are still bearing the brunt of the recent property boom.
The time it takes to save for a home deposit – one of the main hurdles for first home buyers – across the combined capital cities fell by just 11 days to 11.11 years in the three months to June 2022, the latest ANZ/CoreLogic Housing Affordability Report found.
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