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2023-08-15 22:06:17

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
10 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
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