bears say it like it is, page-6

  1. jokers1974
    484 Posts.
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    21/10/11
    15:25
    Post #: 9173590
    ol blue eyes,

    I have heard this '9 times the average wage' line rolled out a lot lately.

    The average wage is now $67860 (ABS May2011)
    The average mortgage in Jun 2010 (the latest data I have)was about $370k (ABS Jun2010)

    So, I have that at about 5.5 times the average income.

    Cheers,


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