Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Saturday, 21 January 2017

Serviceability

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.