The trend of improving National Housing Affordability continues in 2013. The Housing Industry Association (HIA) Housing Affordability Index shows affordability increased by 1.2% in the March 2013 quarter. The index is now 12.8% higher than 12 months ago. Reduced interest rates have certainly played a part in the improved housing affordability for Australians. Capital cities in particular are becoming more affordable with the National Index rising 2.0% in these areas. HIA senior economist Shane Garrett noted that we could “expect further affordability improvements over the coming quarters as the latest Reserve Bank rate cuts flow through to households.” This improved affordability, along with innovative home loan products like our unique Parent Assist Home Loan makes home ownership more achievable.