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    Affordability-in-Capitals

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    sevadevelopments

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    Affordability-in-Capitals

    Uploaded by

    sevadevelopments
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    Affordability-in-Capitals

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    sevadevelopments

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    © All Rights Reserved
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    MICRO LEVEL RESEARCH – AFFORDABILITY

    & Debt Ratio = Mortgage Interest ÷ Income


    Av. Dwelling 5% Interest only Av. Income Debt
    Price Dec ‘16 @ 80% LVR Dec ‘16 Ratio
    Hobart $363,200 $14,528 $69,940 21%
    Perth $472,200 $18,888 $88,556 21%
    Darwin $467,000 $18,680 $85,176 22%
    Adelaide $430,000 $17,200 $75,192 23%
    Brisbane $481,000 $19,240 $77,064 25%
    Canberra $605,000 $24,200 $90,844 27%
    Melbourne $650,000 $26,000 $78,000 33%
    Sydney $860,000 $34,400 $79,820 43%

    % SOUND TIP: Look for markets with less than


    30% of incomes going towards mortgages
    SOUND PROPERTY GROUP A.C.N 166658760 | ! 1300 655 899 | " Level 2, 3 Young St Neutral Bay 2095 NSW | # [email protected] | $ www.soundproperty.com.au

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