Hot off the press is the Real Estate Institute of Australia’s Housing Affordability Report for the June 2025 quarter.
It shows slight improvements to mortgage and rental affordability, so the optimists among us will say things are moving in the right direction, despite the cost of housing remaining way too high.
Following on from positive results seen during the March quarter, housing affordability improved nationwide except in Western Australia. Mortgages are still eating up 47.7% of Australian household incomes but at least that is 0.3 percentage points lower than the previous quarter. National median rental figures to the June quarter also improved, with rents now absorbing 24.4% of household income.
During the June quarter national median house prices rose 1.9% to $1,098,671 and the average loan for first home buyers around the country rose 2.2% to $554,961.
In Victoria, mortgage repayments to June 2025 ate up 44.5% of the household income, 0.7% less than they did in the March quarter. There was also a slight improvement to rental affordability, dropping from 21.3% of household income in March to 21.0% in June.
Victoria also recorded the nation’s strongest first home buyer activity in June with 10,188 new buyers entering the market. First home buyers now represent more than 41% of owner-occupiers in the Victorian property market.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
To book a free 20-minute consultation, simply click here and choose a time convenient to you.
By Wendy Chamberlain
Copyright 2025 | All Rights Reserved
WANT TO USE THIS ARTICLE?
You can as long as you include the following (links must be active):
With a passion for all things real estate spanning almost 30 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.