Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Saturday, 21 January 2017


Serviceability improved

CoreLogic released its Housing Affordability report for December 2016.

The ANU in Canberra supplied household income figures, derived from the Census and ABS State National Accounts data at the regional level. 

It showed that on the one hand, the deposit hurdle has increased. 

On the other hand, mortgage serviceability has improved across the board since before the financial crisis, thanks to lower interest rates. 

Source: CoreLogic

Note Perth, Brisbane, and Darwin, where serviceability levels have improved dramatically.

You can find the full report here.