“THERE is no housing affordability crisis in Leeton”.
That statement from Griffith Real Estate’s Leeton consultant Luke Santolin is one being backed up by new statistics.
New research from Propertyology found 56 per cent of local government areas in Australia had median house prices of $400,000 or below.
Nearly 70 per cent had medians of $600,000 or less.
Propertyology managing director Simon Pressley said the data proved the persistent allegations that Australia has a national housing affordability crisis were factually incorrect.
Mr Santolin agreed and said it wasn’t an issue for Leeton.
“We’ve seen an influx of people from interstate sell up their properties in the city and move to Leeton where they are getting a bigger property for not as much money as they would if they bought in the city,” Mr Santolin said.
“There is no housing affordability crisis in Leeton.
“I also think it depends on your attitude to what sort of home you want to buy.
“My generation and possibly the one that is following tends to set their sights to high and above their means.
“You can certainly buy a decent home in Leeton for less than $200,000.”
The issue for residents in Leeton is the amount of homes that are for sale.
This time last year there were around 200 homes listed for sale, but today there is 132.
This coupled with a prolonged squeeze on the rental market can make it hard for some to get into the market.
“What we will see in Leeton is eventually prices of homes will start to go up … that is what we are seeing in Griffith and Leeton usually does tend to follow suit,” Mr Santolin said.
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