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Lord eplusreality check10 years ago you could have bought a...

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    Lord eplus

    reality check

    10 years ago you could have bought a BASIC home in Perth for about $100K -$120K

    average annual wage was about $40K

    a similar BASIC home in Perth now is about $350K if you are real lucky

    annual wage is about $55K


    you do not need to possess great maths skills to work out there is a major problem in being able to afford a BASIC home

    but fot hose how are having problems in this area

    the movement means the same house is costing over 6 times the average annual salary when it was costing 3 times

    the deposit needed assuming a minimum of 5% has gone from $6000 to $17500

    the loan amonut has gone from around $100k to around $330K


 
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