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Sunday, March 26, 2017

Sydney House Prices to Average Wage Ratio from 1970-2016

Sydney House Price to Average Wage Ratio

According to our findings based on several sources, Sydney’s median wage to income ratio is now at a spectacular 14 times the average wage. When you consider that this is before taxes & that with Australia’s progressive taxation system in place, it means homes in Sydney have never been more unaffordable as they are in the current market conditions.

This ratio is set to increase with Australia’s low expected incomes rises & further increases in the property market in the early part of 2017. First home buyers will need drastic legislation to stand a chance of buying a home in Sydney’s market.