Brisbane Times ·australia ·7 hours ago

Perth home buyers now need $16,500 more to afford mortgages

Home buyers in Perth must now earn $16,500 more than in January to afford a typical mortgage, requiring an annual income of $123,787. Cotality's research indicates Perth house values rose by 25.8 percent over the past year, creating a significant income barrier for buyers. The city remains the third-most expensive capital for home purchases in Australia.

Summary by Glance · Brisbane Times

Next