🇦🇺 Australia
Can you afford a house in Australia?
Unaffordable — by Demographia's classification
The country median home in Australia costs A$798,000 and the median household earns A$100,700 — a price-to-income ratio of 7.9×. Ranked 29 of 46 for housing cost relative to income.
Median home price
A$798,000
Australia average
Median household income
A$100,700
after tax
Avg mortgage rate
6.30%
min down 10%
How Australia's housing affordability evolved
Price-to-income peaked at 7.9× in 2020. Today: 7.9×. If you had today's income in 1990, you could have afforded 44%of today's purchasing power for the country median home. The OECD average over the same period went from 4.3× in 1990 to 7.6× today.
How affordable is Australia for you?
Enter your income and savings to see your personal max-affordable price, years to a down payment, and how that compares to Australia's median.
Tell us about your finances
Annual numbers. We use country-typical interest rates and minimum down payments unless you change them.
Anchor: Australia average median 798,000 AUD · mortgage rate 6.30% · min down 10%