The Sunday Telegraph has printed an article today suggesting Sydney property is now priced out of reach of 75% of families.
With the medium house price in Sydney now $521,100, they indicate when a 10% deposit has been put down, you need an annual household income of $145,412. From recent Census data, 80 percent of households have an annual income of less than $155,000.
» Sydney to be city of renters – 8th July 2007.