The average salary in Australia is $90,000 AUD. The average Sydney dwelling price is $1.6m.

The average salary in Australia is $90,000 AUD. The average Sydney dwelling price is $1.6m.

How does one afford a house 17x the average yearly

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  1. 1 week ago
    Anonymous

    No fricking way its 90k, thats average, not median, right?

    Median would be morel like 65k I bet

    • 1 week ago
      Anonymous

      Median full time is like $90k, the average is $104k according to the most recent data from the Grattan Institute. These are figures from the entire country though, and incomes in Sydney are generally a lot higher than elsewhere.

      For what it’s worth I have a very menial blue collar job in Sydney that required nothing more than a high school education. Made $157k last year, will make about $150k this year. I personally know very few permanent residents here making less than $120k, and most people I know earn somewhere between $150k and $250k AUD. Once you start realising that contextually there’s no shortage of households making about 300k or more combined, the housing affordability issue doesn’t seem quite THAT bad.

      • 1 week ago
        Anonymous

        Some bullshit anecdotal stuff there. I know many on 50-70k and that is their ceiling. Tradies working non stop hit 120k max. Maybe in some finance circle 150k is common but everywhere else it ain't.

        • 1 week ago
          Anonymous

          Yes he's bullshitting. I'm on 100k and that's pretty good for my trade. I know teachers who are on 100k each. How much more can you expect the median skilled worker to earn?

        • 1 week ago
          Anonymous

          I’m the Anon you’re replying to but I don’t know if my ID will be the same as before since I was phoneposting before.

          >I know many on 50-70k and that is their ceiling. Tradies working non stop hit 120k max.
          Where in Aus do you live, seriously? I grew up in rural Tasmania and that’s probably the only place I would consider it pretty typical to earn 70k as an employee with a couple of years experience in 2024. Maybe Sydney lives in a wage bubble but my missus makes just over 70k/year as an entry level employee at an old folks home. I mean no offence to her obviously but where she is would be considered “unenviable” mostly for pay reasons.

          Once again, I work an unskilled job with no education requirements and pull in somewhere in the mid-100s. The place I work for has probably well over a thousand trade workers as well, from rolling stock maintenance technicians, to signal electricians, to cable jointers and linesmen who physically install and maintain infrastructure. The vast majority of them would be earning well into the mid-100s, if not closer to 200k/year with some overtime here and there. Most people in corporate jobs in Sydney I find are over the 200k mark.

        • 1 week ago
          Anonymous

          No. I'm CW2. Which is level 2/5 on the base pay scale. With no tickets I'm taking home after tax 121k. Albeit I work 6 days 56 hours, but the union in Victoria gets away with daylight robbery. My base pay is about 50 bucks an hour, I work 16 hours of overtime a week which is flat double rate. They pay my super. Plus all the extra allowances I make about an extra 27.50 an hour. There's plenty of guys on my site taking home close to 200k and they're fricking laborer's. In construction it's not what you know it's who you know. I got this job as a highschool drop out that's been to prison.

    • 1 week ago
      Anonymous

      Yeah, OP is a larping demoraliser. The median is like $67k, average is like $96k.

    • 1 week ago
      Anonymous

      90k is including both households salaries and is misleading. Also other places exist in Australia besides Sydney. Don't buy in Sydney, move to one of the other cities where the prices are significantly lower.

      Some bullshit anecdotal stuff there. I know many on 50-70k and that is their ceiling. Tradies working non stop hit 120k max. Maybe in some finance circle 150k is common but everywhere else it ain't.

      Yes he's bullshitting. I'm on 100k and that's pretty good for my trade. I know teachers who are on 100k each. How much more can you expect the median skilled worker to earn?

      I'm lmaoing at all the poors in this thread acting like 90k AUD is a super high number when it's LESS THAN 60K USD LMAO THAT IS POVERTY TIER POOR

      • 1 week ago
        Anonymous

        Unfortunately wage growth over the last decade here has been absolutely atrocious compared to the US and perhaps even a lot of Europe. It’s not like it was back in 2013 when the AUD was worth a lot more and salaries here were nominally higher.

        It’s not talked about anywhere near enough and in all honesty it’s probably about a third of the housing affordability problem, the median full time income here should probably be closer to 150k AUD/year, not 90k.

  2. 1 week ago
    Anonymous

    Shit you people think every person should have, like a cell phone, a microwave, etc. is actually only for rich people (like me). If you sell all that stuff and start by buying nothing but the most bottom-of-the-barrel food and your house, you'll see that $90,000 per year is plenty to survive while owning that house.

    • 1 week ago
      Anonymous

      kek

      Phones are cheap, you can get an iPhone 11 for $400 and go on some $20/month plan

      You can get microwaves for like $50

  3. 1 week ago
    Anonymous

    Hold the superior asset

  4. 1 week ago
    Anonymous

    90k is including both households salaries and is misleading. Also other places exist in Australia besides Sydney. Don't buy in Sydney, move to one of the other cities where the prices are significantly lower.

    • 1 week ago
      Anonymous

      Every other major city is between 850k to 1m. Still 9-10x average yearly earnings.

      • 1 week ago
        Anonymous

        Homes are unaffordable what is new

      • 1 week ago
        Anonymous

        Buy an very nice house out in Tamworth for 200,000$ it's where the immigrants first land when they get here so youll never have trouble finding renters

  5. 1 week ago
    Anonymous

    a couple earning 90k each could afford the mortgage at 6% if they keep their other expense low
    any more rate hikes they would be fricked though

  6. 1 week ago
    Anonymous

    homeownership is COO (chinese ownership only)

  7. 1 week ago
    Anonymous

    >Average salary
    You want to find the average male fulltime salary, for a start. Average salary is including teenagers, semi-retirees and women working part time. Secondly, mortgages are usually financed with two incomes. Thirdly, most people aren't going to buy something of median value as their first home. They buy something in the lower quartile and then they build equity and then, maybe, they might buy something closer to median, but, to buy something above median you have to be comparatively wealthy. Most people aren't buying median homes

  8. 1 week ago
    Anonymous

    >How does one afford a house 17x the average yearly
    Haha thats the neat part. You dont.

  9. 1 week ago
    Anonymous

    Country’s rooted cobba but she’ll be rite

  10. 1 week ago
    Anonymous

    Deportations

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