Hotspotting Podcast | Episode 88 - Affordability Improves In Most Cities

Posted on 10/04/2019  
Hotspotting Podcast | Episode 88 - Affordability Improves In Most Cities

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Australians hoping to buy their first home will be buoyed by a new report which has found the average time needed to save a deposit has fallen over the past 12 months in major capital cities.

Domain analysed entry-level house prices in the cities' most affordable areas and estimated the time required to save a 20% deposit, drawing on average wage data from the ABS. The result is welcome news for first-home buyers, according to Domain senior research analyst Nicola Powell.

Powell says "It's the first time in a while that these figures have dropped. Definitely year-on-year it's good news around affordability for buyers ... the journey to home ownership is now that little bit shorter."

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