Minimum household income needed to buy a home in Australia

The goal of owning a home on a single income will remain a distant dream for many according to new analysis done by Finder.com.au. Looking at the latest figures from property data company CoreLogic, the comparison site has revealed just how much money Australians need to earn each year to buy a house. With an average price of $867,188, those wishing to buy a house need a minimum household income of $171,223 a year. Get in front of tomorrow's news …