stacksatsio on Nostr: Median Household Income required for #AUStriches to afford a house in each capital ...
Median Household Income required for #AUStriches to afford a house in each capital city assuming:
- 20% deposit
- 30 year mortgage
- Inc Property Taxes & Stamp Duty
- Mortgage max 30% of Income
Sydney is at $326K - Melbourne at $222k
- 20% deposit
- 30 year mortgage
- Inc Property Taxes & Stamp Duty
- Mortgage max 30% of Income
Sydney is at $326K - Melbourne at $222k
quoting note1gmy…seaq10 year change in media lot price and sizes for #AUStriches.
Sydney real estate is up 138% in price whilst lot sizes have decreased 26.5%
Melbourne has gone up 95% in price whilst decreasing 10.5% in size