Replying to Avatar StackSats.IO

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 nostr:note1gmyhqmu23nvttt7gdzdclyylfaaveg7vhkpqhnfdhtpj4xueqnys5xseaq
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Sound Money 2y ago

The monetary premium being sucked out of real estate will be just as painful as it currently is with the premium being sucked in.

Either way, it sucks to be the average pleb.

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