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Buying Becomes More Affordable

A dramatic improvement in housing affordability
has taken place in recent months.

According to the Housing Affordability Report from the Real Estate Institute of Australia (REIA), released March 09, the cost of buying a home improved by a record 6.4 per cent in the December 08 quarter, compared to the September
08 quarter.

The percentage of family income needed to service a home loan decreased to 32.4 per cent from 38.8 per cent over the same period. This is the largest quarterly change recorded by the REIA since calculations of this affordability measure
were first introduced in 1995.

With so much positive research available, there are plenty of good reasons to buy into property right now. It is our role to guide you through this process to ensure an easy transition to home ownership so please call us on 1300 AXE LOANS to discuss your borrowing or refinancing needs.