The home affordability picture deteriorated further in the 4th quarter of 2015, continuing a gradual deteriorating trend that began back around 2013. Of the 2 main affordability measures, the 1st measure, namely the “Average House Price/Per Capita Disposable Income ratio Index”, rose (deteriorated) slightly further by +1% in the 4th quarter of 2015 compared to the level for the previous quarter.
The 2nd measure, namely the “Installment Value on a new 100% Bond on the Average Priced House/Per Capita Disposable Income Ratio Index”, also rose (deteriorated) by a slightly higher +2.1% in the 4th quarter.
Read more here: FNB Property Barometer_Residential_Affordability_Mar_2016
