Added over 8 years ago

Housing affordability improves in WA

Western Australia's stagnant property market is finally delivering some good news, with figures released today showing housing has become more affordable across the state's metropolitan and regional areas. Housing affordability has improved in Perth by 6.1 per cent for the March 2011 quarter, according to the Housing Industry Association, and 6.6 per cent in regional WA. The improvement was due to a growth in average weekly earnings and a softening in dwelling prices in a stagnant market, said HIA senior economist Andrew Harvey. WA recorded the highest improvement in the country. Across Australia's capital cities, housing affordability for the quarter improved in Sydney (1.6 per cent), Brisbane (1.6 per cent), Adelaide (1.5 per cent) and Hobart (4.1 per cent).

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