Housing Affordability Falling in Australia

A new report from Bankwest states that housing affordability in Australia continues to worsen, with new home buyers now requiring 4.5 years to save for a deposit up from last years figure of 3.7 years.

Read the full report here – http://www.bankwest.com.au/Media_Centre/Financial_Indicator_Series/Bankwest_First_Time_Home_Buyer_Report_2010/index.aspx

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