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Proportion of median income required to pay a typical mortgage on a recently purchased home (%)

Wealth inequalityInequalityHousing & homelessnessInequality
Source: ANZ Corelogic housing affordability report, March 2022 Note: Assumes owner has borrowed 80% of median dwelling value and is paying the average discounted variable mortgage for a term of 25 years. Percentage of median gross annual household income required to pay median rent on a new lease

 

This graph shows that the proportion of median household disposable income required to service a typical home mortgage rose from 27% to 41% between 2003 and 2021.

 

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