This is just part of Today’s Property Headline Article:
Australian first-home buyers face 4.5 year savings wait to buy property
HOUSING affordability has worsened during the past year, with first-home buyers needing to save 10 per cent more for a deposit, a report shows.
It was now taking 4.5 years to save for a 20 per cent house deposit, up from 3.7 years in the previous annual report.
Australian couples need to raise $85,800 deposit for a median-priced house, compared with $78,100 a year earlier, the Bankwest analysis showed.
Which leads me to think how much money are people earning to save $85,800 in 4.5years? I’m in the wrong line of work – Living the dream pays in happiness only.
Yeah!! I was thinking that... That's a lot to save in 4.5 years... especially if you were doing it on your own.
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