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HIGHER INTEREST RATES HIT AUSTRALIAN HOME LOAN AFFORDABILITY.
Publication: AsiaPulse News Publication Date: 31-AUG-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
SYDNEY, Aug 31 Asia Pulse - Australians are finding it harder to afford to take out a home loan with higher interest rates taking their toll on first home buyers in particular, a new report shows.
A home loan affordability report by loan deposit guarantee provider Deposit Power in conjunction with the Real Estate Institute of Australia (REIA) found that home loan affordability worsened in every state...
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