Business
Here’s how long it takes to save for a house deposit in your city – Yahoo Finance Australia
Some Australians will save for twice as long as others to own a home.
Australians who live in Sydney and Melbourne will have to save for twice as long for a house deposit than Darwin or Perth residents, new data has revealed.
According to Domains latest First-Home Buyer Report, it will take six and a half years to save for a $136,000 house deposit in Sydney, while Melbournians will be saving for six years for a $120,000 deposit.
Domains data is based on an average house deposit of 20 per cent on entry-level houses in every capital city, which are unsurprisingly …
-
Noosa News14 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General12 hours agoPolice say new leads being pursued after baby’s body found in Alexander Heights stormwater drain
-
General20 hours agoQueensland announced as 2027 Women’s Softball World Cup host in first Australian event since 1965
-
Noosa News22 hours agoInquest into Rosemarie Campbell’s death three days after gastric bypass surgery hears of ‘massive loss’ to family