Tuesday, December 15, 2015

How much you need to earn to own a house or unit in Australia?

This is how much you need to earn per year to survive in Australia! It is based on the current (Dec 2015) median price and of course this is just a guideline.

City House Unit
Sydney $154,482 (median: $840,000) $115,862(median: $630,000)
Canberra $106,666(median: $580,000) $76,689(median: $417,000)
Darwin $105,792(median: $575,250) $84,597(median: $460,000)
Melbourne $104,643(median: $569,000) $86,436 (median: $470,000)
Perth $101,149 (median: $550,000) $80,000 (median: $435,000)
Brisbane $89,655 (median: $487,500) $73,011 (median: $397,000)
Adelaide $77,241 (median: $420,000) $62,528 (median: $340,000)
Hobart $64,827 (median: $352,500) $50,574 (median: $275,000)
Source: www.realestate.com.au (Dec 2015)

Maybe one day I should move away from Sydney after selling my property for retirement? Something to think of...

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