The Age
·australia
·3 hours ago
Perth home buyers need $16,500 more to afford typical mortgages
Perth home buyers now need to earn $16,500 more than in January to afford typical mortgages, with an annual income of $123,787 required for a median house. Cotality's report shows Perth's home values surged 25.8 percent in a year, contrasting sharply with Melbourne's 0.5 percent increase. Rising interest rates are intensifying affordability challenges for buyers in the region.
Summary by OZbrief · The Age
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