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Mortgage requirements intimidate first home buyers
Although property prices continue to increase, it is not the critical barrier for first home buyers, the Housing Industry Association’s chief economist says.
The latest HIA Housing Affordability Index saw home affordability slightly deteriorate; however, the index showed the link between income and the cost of mortgage repayments is steady with much of the last 20 years, Tim Reardon said.
Read more at The Adviser.
