Archive for June, 2014

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No bubble despite ‘difficult affordability conditions’

Australia’s property market has been tipped to avoid a bubble, despite most Australians having to spend more than 30 per cent of their after-tax income on their mortgages.

Residex has reported that the median family in Sydney is repaying $3,845 per month on a home valued at $824,000, which equates to 52 per cent of their after-tax income.

Melbourne families are devoting 41.7 per cent of their disposable income to repay … Read more »