The mid-priced home for Joe and Jill Average has just hit $800,000
Even as national property growth eases, the median dwelling value in Australia has hit eye-watering record levels.
Only 10 per cent of Australian homes are affordable for average-income earners. (Image source: Shutterstock.com)
If you want to buy the median priced home in Australia, you’ll now need to rustle up $800,000.
The latest PropTrack Home Price Index report has revealed that home prices hit a record level in November, up 5.5 per cent on a year ago.
While price growth is easing, prices in Perth, Adelaide and Brisbane continue to far exceed average income growth and fuel the national price gains.
Australian wages grew by 3.5 per cent in the year to the September q…
