Melbourne housing affordability: Slim pickings for families on average wage

Meet “John” and “Jane”. With two kids and an average gross household income of $2935 each week, they’re Melbourne’s average family.

Their kids are between five and 14 and they’re looking to buy a house and stay in Melbourne.

We’ve used Australian Bureau of Statistics figures to calculate what Melbourne’s average family could borrow, and what that would unlock in the city’s property market.

Read full article.

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