Property and Population, page-73

one more post to prove your clueless and then ill stop

Average wage in Australia: 80k
Monthly after tax: $5200

Average house in Australia: 563000 (Nov 2014 Abs).
Repayments on 5% interest rate is $3023

Repayments on 7% interest rate is $3746

So an average household income with two people working is $10,400 and repayments even at 7% is only $3746

Wow so unaffordable