Wed, 28 May 2014 09:19:03 GMT
Australia's housing affordability index rises in Q1
Housing affordability in Australia increased in the first three months of this year as the country's central bank lowered interest rates which pushed the affordability higher, a data revealed by the Housing Industry Association showed on Wednesday. According to the report, the country's housing affordability index grew from 75.6 in the Q4 to 77.2 in the Q1 of 2014.