Entry into the Perth housing market is at its most affordable in more than two decades, with prices declining and wages showing growth according to the Housing Industry Association's quarterly report.

Figures in the report show that Perth is retaining the title of being the most affordable market of any in Australia; with an average wage earner having to pay 26.5% of their monthly income to meet repayments on a median-priced dwelling.

This is a considerable difference when compared to the average Sydney worker who would pay more than half their monthly income to get into the market, and likewise, Melbourne mortgages consuming 44.2% of an average wage.

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