Again im refering to household income not the ave wage of 65k
Although even at that its only 4.6 x ave size mortage
Household Income in Australia
November 2009, Hometrack, a residential property provider, showed that the median gross household income in some suburbs of the general Sydney area of New South Wales was:
$76,488 Liverpool $83,677 Blacktown $66,467 Parramatta
some other points to make from the article....
BG please take note
45.8% of LOW Income households own their own home without a mortgage.
30.3% of MEDIUM Income households own their own home without a mortgage.
26.9% of HIGH Income households own their own home without a mortgage.
