Housing affordability is easing, according to one industry report. The Housing Affordability Report, which is compiled by Adelaide Bank and the Real Estate Institute of Australia, shows that for the first quarter of 2016 there was an improvement in housing affordability nationally.

 

The proportion of income required to meet home loan repayments, on average, by 2.4 percentage points to 30%.

 

“The decrease in the national figure to 30% is welcome as this is now on the borderline of what has traditionally been viewed as the measure of housing stress,” Adelaide Bank general manager Damian Percy says.

 

Compared to the last quarter of 2015, all states and territories saw improvements in housing affordability with the exception of the Northern Territory.

 

NSW had the greatest improvement in housing affordability with the proportion of income required to meet loan repayments decreasing by 4 to 35.4%. But it remains the least affordable state for home buyers.