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You’ve just had your Visa approved for Australia. You’ve got a great job organised in Brisbane, found a good school for the kids now it’s time to find your new home. But houses are expensive in Australia aren’t they? Not necessarily.

A recent Index compiled by the Housing Industry Association (HIA) has revealed that housing affordability in Australia is the best the Industry has seen in the past twelve years.

“The impact of lower interest rates and continued earnings growth has ensured that home purchase affordability has improved over the past year for existing homeowners and those on the cusp of entering the market in the short term,’’ confirmed HIA Senior Economist, Shane Garrett.

The main fundamental factors taken into consideration when compiling the Index were:

  • House Price
  • Housing Loan Interest Rate
  • Income

The results of the report uncovered that housing affordability is 10.8 Per cent more advantageous than this time last year and also predicted an increase of 8.2 per cent increase on the amount of new dwellings that will be built this year.

If you are wanting to have a look at properties available for sale or rent, or get an idea on what’s available, visit the RealEstate.com website.

If you need any assistance for your Visa application to Australia, please contact one of our Brisbane based migration agents who will be able to assist you with any enquiries.

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