New data has highlighted the challenge South Australian buyers face and revealed the growing gap between how much buyers can borrow and what they what they can actually buy across the state. AFMS Group assessed five borrower profiles across ten lenders and compared estimated borrowing capacities against median house prices across 87 Australian regions. Its research revealed where South Aussie buyers can get more home for their money, with regional SA offering buying couples the greatest purchasing power. The Outback offers buying couples the biggest bang for your buck: Julie Fletche/SATC According to the research couples could afford to buy in every suburb in outback South Australia – where the median price is $428,083 – without sending themselves into mortgage stress. Couples looking to buy in the Barossa – Yorke – Mid North region – where the median is $596,164 – can buy in 99 per cent of the area’s suburbs, while couples looking to secure a slice of South Australia’s South East – where the median is $643,333 – can afford to buy in 96 per cent of the area’s suburbs. SA buyers have some choices. Picture: iStock Adelaide’s northern and suburbs claimed spots four and five respective...
Where SA couples can actually afford to buy a home
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