As at February 2024, couples aged 25 to 34 years old in Sydney, Australia spent an average of around 37 percent of their household income on mortgage repayments for an entry-priced unit. In comparison, couples in the same age bracket in Perth were spending around 19 percent of their household income on mortgage repayments for a unit.
Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city
based on fixed rate home loan and 20 percent deposit paid
Supplementary notes
The average household income for a couple aged between 25 and 34 years old in each capital city was derived from ABS estimates of personal income.
Entry prices were based on the 25th price percentile of the respective geographical boundary, which gives an indication of prices at the more affordable end of the housing market deemed to be more in line with first-home buyer budgets.
Monthly mortgage repayment as a percentage of income for a couple ages 25-34 years old.
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Domain Group. (February 16, 2024). Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/
Domain Group. "Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city." Chart. February 16, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/
Domain Group. (2024). Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/
Domain Group. "Share of Household Income Spent on Mortgage Repayments for An Entry-priced Unit by Couples Aged 25 to 34 Years in Australia as at February 2024, by City." Statista, Statista Inc., 16 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/
Domain Group, Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/ (last visited November 10, 2024)
Share of household income spent on mortgage repayments for an entry-priced unit by couples aged 25 to 34 years in Australia as at February 2024, by city [Graph], Domain Group, February 16, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1447586/australia-first-home-buyer-household-income-share-spent-on-unit-mortgage-repayments-by-city/
