Housing affordability is the best it has been since the GFC.  It continues to improve due to interest rates lowering. The only time when it has been better is when interest rates dropped sharply to counter the GFC fallout.

Dr Harley Dale, the HIA chief economist said ” now is a great time to buy for those financially set to take that decision.” Although not wanting to give Australian investment property advice, he went on to encourage property investors. “The recent improvement in affordability is welcome news for those trying to get a foothold into or advance within the housing market”