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Housing affordability worsens in June quarter

Despite the Reserve Bank’s cash rate remaining at a record low of 1.5%, housing affordability has generally worsened over the June quarter, according to the latest data from CoreLogic.

The national dwelling price to household income ratio has recorded significant quarterly gains, with a ratio of 6.8 in June 2017. A higher ratio was recorded for houses (7.0) compared with units (6.3).