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Aussie home affordability improves: report

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AAP

December 04 2012, 5:41PM

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* Average first-home buyer loans increase by 0.8 per cent to $289,800 over September quarter.

* Mortgage affordability improved at faster pace than rent.

* Rent consumes 24.4 per cent of income during quarter.

* ACT is Australia's most affordable housing market, with NSW the most expensive.

* Median national house prices fall by 0.6 per cent to $515,669, weighed down by Melbourne, Adelaide, Hobart and Canberra.

* Tasmania has nation's lowest average loan of $217,404.

(Source: Real Estate Institute of Australia).