‘Alarming’: Sydney households need to earn $190,000 a year to avoid mortgage stress

Households in four of Australia’s capital cities need six-figure incomes to afford a median-priced house without feeling the pinch, a new analysis shows.

Buyers in Sydney would need to make more than $190,000 a year to avoid spending more than 30 per cent of their income on mortgage repayments, a RateCity analysis found.

PHOTO SOURCE: DOMAIN

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