A new report reveals SA’s proportion of spending on housing

South Australian families are spending up to almost a third of their weekly paychecks to keep a roof over their head, a new study shows.

According to Adelaide Bank/REIA Housing Affordability Report, which is based on data from all major lending institutions, the proportion of income required to meet monthly loan repayments for SA homebuyers has increased by 0.9 per cent over the past quarter.

Looking at data for the December quarter, SA homebuyers needed to spend 27.5 per cent of their weekly family income to meet loan repayments.

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Source: News.com.au