SMH
·australia
·3 hours ago
Perth home buyers must earn $16,500 more for typical mortgage affordability
Perth home buyers now need to earn $16,500 more annually to afford a typical mortgage, with a required income of $123,787, according to Cotality’s research. Perth’s property values surged by 25.8 percent over the past year, while values fell in Melbourne and Sydney. The report highlights challenges in housing affordability across Australia amid rising interest rates.
Summary by OZbrief · SMH
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