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.

Lucy Dean and Les Hewitt

Sep 20, 2023 – 12.13pm

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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.

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Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom.