Hard to believe but housing costs for homeowners have remained stable since 2007

Hard to believe but housing costs for homeowners have remained stable since 2007. In a new report the Australian Bureau of Statistics (ABS) has shown that average housing costs for owners with a mortgage have been stable since 2007-08.
Recent analysis by the ABS shows that in 2011-12, both owners with a mortgage and private renter households spent the same proportion of their income on housing costs as they did in 1994-95.
Housing costs for private renter households increased by $25 (8 per cent) from $322 in 2009-10 to $347 in 2011-12, though the proportion of income spent on housing costs remained at 20 per cent.
The ABS also reported that since 1994-95, the number of home owners with a mortgage has increased from 30 to 37 per cent and households renting privately have increased from 18 to 25 per cent.
http://www.abs.gov.au/ausstats/abs@.nsf/latestProducts/4130.0Media%20Release12011-12\

Posted in General Property Market, Uncategorized on 3rd September, 2013 | No Comments »

Leave a Reply

Your email address will not be published.