Housing market in Sydney has climbed 44 per cent since 2013

SYDNEY house prices are on the brink of becoming completely out of reach of middle-income families. An analysis of median prices and lending rates has revealed those living on the average NSW salary of about $83,000 a year would only be able to afford a typical house in just one of Sydney’s 600 suburbs — Willmot, near Mt Druitt. This is if buyers take out a 10 per cent deposit and want to avoid spending more than 30 per cent of their income on mortgage repayments, the lending threshold most banks prefer.

Source: AAP