Why the odds are stacked against first-home buyers, in six charts
Owning a home can be the single biggest determinant in whether a person lives a comfortable life in retirement, but fewer and fewer Australians do. Here’s why.
Want to buy a house? If you start saving now, you will need 12.3 years if you’re in Sydney, 10.2 in Adelaide and 10.1 in Hobart.
That’s according to the latest housing affordability report by CoreLogic and ANZ, which tracks housing affordability across the country up to June 2023.
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Les HewittSenior interactive graphics designerLes Hewitt is senior interactive graphics designer for The Australian Financial Review. Email Les at lhewitt@nine.com.au
