Original article by Michael Roddan
The Australian – Page: 20 : 19-Oct-17
A report from credit ratings agency Moody’s has warned that housing affordability has continued to decline across Australia. The firm estimates that mortgage repayments now account for 28.7 per cent of the average Australian couple’s monthly income, compared with 27.4 per cent in September 2016. Meanwhile, a survey by Fitch Ratings shows that just 34 per cent of bond investors regard a housing downturn as the biggest risk to the Australian economy, compared with nearly 50 per cent in 2016.
MOODY’S INVESTORS SERVICE INCORPORATED, FITCH RATINGS LIMITED, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY