Stable Incomes No Longer Enough to Buy Sydney Homes, Research Finds

Full-time employees who earned $1,500 a week were not expected to afford a home in Greater Sydney.

Workers are seen on a building site in Sydney, Australia, on Jan. 11, 2024. Jenny Evans/Getty Images

Having a stable and regular income is no longer enough to enter the housing market in Sydney as prices continue to skyrocket, research from the University of Technology Sydney (UTS) and the University of New South Wales (UNSW) suggests.

Published in the journal Cities, the study examined the relationship between housing affordability and employment contracts in Australia.