WA most affordable state for buyers, renters

WHEN it comes to real estate, WA is the most affordable state in Australia, according to the REIA and Adelaide Bank’s latest Housing Affordability Report.

WA claimed top spot for buying a property on a technicality with the NT and ACT more affordable, but it was the most affordable place to rent out of all states and territories.

REIWA president Damian Collins said the WA property market was favourable for both buyers and tenants, presenting excellent opportunities to secure housing at affordable prices.

“While it appears we’ve reached the bottom of the market and improvements are expected in 2019, buyers and tenants remain the beneficiary of the current market, enjoying improved affordability, record low interest rates and a good supply of housing stock to choose from,” he said.

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Source: Eastern Reporter