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2016-11-07 — abc.net.au
With a median home price of $800,000 in Sydney, it would take a single person more than a decade to save a deposit, so more than five years for a couple who were both saving $15,000 a year.
... [then] let's take the median apartment price instead... That's still $138,000 for a 20 per cent deposit, not including stamp duty, legal and moving costs. For a single person that's still nine years of saving... and that's assuming home prices don't keep rising faster than their incomes and the earnings on their savings, which has been the experience of the past four years.
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