affordability

Sydney and Melbourne lead property price growth in Australia, official figures show

Residential property prices in Australia increased by 4.1% in the final quarter of 2016, the strongest quarterly growth recorded since June 2015, according to latest official figures to be published. Melbourne recorded the largest increased through the year of all capital cities with a rise of 10.8% followed closely by Sydney with a rise of […] The post Sydney and Melbourne lead property price growth in Australia, official figures show appeared first on PropertyWire . Continue reading

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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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Saving for a deposit continues to be biggest obstacle for UK first time buyers

Saving for a deposit is still the biggest obstacle for first time buyers in the UK with 26% saying that they will need to borrow from their parents to do so, new research has found. Some 46% of first time buyers believe that the issue of rising house prices should be addressed as it is […] The post Saving for a deposit continues to be biggest obstacle for UK first time buyers appeared first on PropertyWire . Continue reading

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