Thursday, October 15, 2015

Time for people to move out of Sydney?

Time for people to move out of Sydney?



http://www.abc.net.au/news/2015-10-15/house-deposits-taking-longer-than-ever-to-save-bankwest-report/6856562

Report shows Australian couples will need to save for an average 4.2 years to accumulate the almost $100,000 needed for a 20 per cent deposit on the median-priced home.

In Sydney, the time needed to save a deposit was nearly twice as long, at 7.9 years, this assumes couple are saving 20% of their after tax income.

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