Buying Sydney home requires $159k in savings

  • RISING property prices have pushed up the typical upfront costs of buying one of Sydney’s cheaper houses to a mammoth $158,933, research shows.

The analysis from CoreLogic also revealed Sydney buyers require nearly $66,000 more in savings to get onto the bottom rungs of the property ladder than Melbourne buyers.

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Higher property prices mean living in Sydney carries a significant cost compared to other capitals.