Wednesday, August 29th, 2012

In the latest HIA-Commonwealth Bank Housing Affordability Index, Adelaide and Perth have been the standout performers where housing affordability has improved over the past six consecutive quarters.

In the last three months, Adelaide’s affordability index value increased from 65.9 to 70.

Nationally, affordability peaked back in March 2009, when the cash rate fell to its lowest level, to counter the effects of the GFC.

Two years ago the Australian index value was 52.5 and it currently stands at 62.5.

While this is an encouraging sign for real estate, property experts believe for more people to enter the market, considerable work needs to be done to address costly property taxes.

And in another win for homeowners, it’s been predicted the Reserve Bank will reduce the interest rate to a low of 2.75% by the first quarter of 2013.

Also on Episode 142 of Toop TV:

- Live in the studio, Kel Spencer, Propell National Valuers Director and Business Consultant

- Weekly Market Update with Tim Thredgold

- SA’s Finest at 21 Waverley Ridge Road, Crafers West

- Have a peek into 7 Staunton Road, Golden Grove, 8 Ferguson Avenue, Myrtle Bank and 2 Oceanview Crescent, Mount Osmond in Behind the Blinds

To view the complete episode live today, Wednesday 29 August, log onto at 1pm. All past episodes also available online.

About Toop Real Estate Group

South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop and wife Sylvia in 1985. It has become a national icon in marketing and selling in the residential real estate industry. In 2011, Toop&Toop won the National Small Agency of the Year (REI) for the Stirling office, and Medium Agency of the Year (REISA) for Hyde Park. 2009 saw Toop&Toop named the National Winner of Innovation, as well as National Winner of Community Service. In 2007, Toop&Toop also won National #1 Real Estate Agency of the Year (REI), and in 2005 were the only real estate agency to be initiated into the Family Business Association Hall of Fame as an iconic business in South Australia. Toop&Toop has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In 2011, Anthony was awarded the Sir Robert Torrens Award - which nationally recognises an individual who has made a significant contribution to and raised the standing of the profession (REI). October 2011 saw Anthony inducted into the REISA Hall of Fame for Community Service, having previously won the category three times prior to induction. Toop&Toop are currently in their 27th year of business, still to this day family owned.

Contact Profile

Tim Thredgold

P: 08 8362 8888


housing affordability



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