{"id":22230,"date":"2019-11-22T09:45:04","date_gmt":"2019-11-21T20:45:04","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=22230"},"modified":"2019-11-22T09:45:04","modified_gmt":"2019-11-21T20:45:04","slug":"buying-a-home-in-australia-easier-now-than-10-years-ago-study","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buying-a-home-in-australia-easier-now-than-10-years-ago-study\/","title":{"rendered":"Buying a home in Australia easier now than 10 years ago: study"},"content":{"rendered":"

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PHOTO:\u00a0Sydney house prices have risen much more than the median home in Australia<\/strong><\/p>\n

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It is easier to buy a home in most of Australia than it was 10 years ago, new research has found.<\/div>\n<\/div>\n
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CoreLogic’s Property Pulse study says housing costs have risen at the same pace as incomes over the last ten years.<\/div>\n<\/div>\n
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But because mortgage rates have dropped to record lows, it is easier for homebuyers to pay off their homes.<\/div>\n<\/div>\n
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The national median dwelling value has increased by 3 per cent each year in the past decade, from $382,650 to $516,710.<\/div>\n<\/div>\n
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But household incomes have risen slightly more each year, growing from $59,0202 per annum to $79,872.<\/div>\n<\/div>\n
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And mortgage rates have dropped a full percentage point from 5.1 per cent to 4.1 per cent.<\/div>\n<\/div>\n
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But the national average does not mean housing is cheaper everywhere.<\/div>\n<\/div>\n<\/div>\n
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READ MORE VIA 9 NEWS<\/a><\/p>\n