Average Incomes Not Enough to Buy a Home

Average Incomes Not Enough to Buy a Home
A real estate sign is seen at a property in Sydney, Australia, on Sept. 6, 2022. Lisa Maree Williams/Getty Images
AAP
By AAP
Updated:

Property prices may have cooled off, but the average sole earner still can’t afford the repayments on a mid-priced house in every capital city, bar Perth.

Canstar analysis shows the dream of home ownership is still well out of reach for people on average incomes as rising interest rates continue to erode borrowing power.

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