Housing Affordability vs Wage Growth

Houses are much more expensive now than years ago

But did you know that on average, wages have gone up 5- 6 times what they were 40 years ago, but home prices have risen as much as 17 times their 1981 value?

Have a look at the PDF below (click the image) and see where your area ranks – see the differences in wage growth to property price growth in the last 40 years.

If you need a hand getting ready for your home buying adventure, Call 1300 667 218 or book in at https://mycralawyers.com.au/book-in today

housing affordability chart - 1981 to 2021 wages growth vs property price increases