What you need to earn to afford a mortgage in Sydney's red-hot property market

Home buyers now need to be making a six figure salary to afford the mortgage on an average house or apartment in Sydney's red-hot property market, exclusive data has revealed.

Data compiled for Nine News by RateCity shows with a 20 per cent deposit, a household needs to earn at least $147,629 a year to buy a median priced house.

The latest Corelogic figures show the median Sydney house price is sitting at $1,112,671.

https://www.9news.com.au/national/ideal-salary-to-afford-mortgage-on-average-sydney-house-avoid-financial-stress/74af8886-aa2a-45f5-94ef-99307bd10c12