Recent data shows average Australian earners priced out of housing

A new analysis released by the Greens has revealed that affordable housing is beyond reach for the average Australian. The report shows that the average annual income required to buy a home without financial stress is $164,400. With figures dropping to $130,599 annual income needed to buy an apartment in Australia’s capital cities without severe mortgage stress. “It is shocking some of the figures that have come out today,” Sky News Senior Reporter Caroline Marcus said. “It shows basically outside of really Perth and Darwin people who are on a single income and average incomes cannot afford basically even a unit without severe mortgage stress,” she said.