First home buyer income share spent on home mortgage payments Australia 2024, by city

Published by Statista Research Department, Apr 8, 2024
As at February 2024, couples aged 25 to 34 years old in Sydney, Australia spent an average of around 57 percent of their household income on mortgage repayments for an entry-priced house. In comparison, couples in the same age bracket in Darwin were spending around 29 percent of their household income on mortgage repayments for a house.

Share of household income spent on mortgage repayments for an entry-priced house by couples aged 25 to 34 years in Australia as at February 2024, by city

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Release date

February 2024

Region

Australia

Survey time period

as at February 2024

Special properties

based on fixed rate home loan and 20 percent deposit paid

Supplementary notes

The average household income for a couple aged between 25 and 34 years old in each capital city was derived from ABS estimates of personal income.

Entry prices were based on the 25th price percentile of the respective geographical boundary, which gives an indication of prices at the more affordable end of the housing market deemed to be more in line with first-home buyer budgets.

Monthly mortgage repayment as a percentage of income for a couple ages 25-34 years old.

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Mortgages in Australia Mortgage industry in the U.S.Mortgage industry worldwide: developed marketsResidential housing market in AustraliaReal estate industry in New Zealand
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