16/05/2025
High income earners should be able to save a deposit… right?
That’s what everyone assumes, until they try. In Sydney, even a $1M home (which is below the median) comes with over $160K upfront.
And that’s before you factor in rent, tax, bills, and the cost of just living. The issue isn’t income, it’s the system buyers are up against...
*Figures based on a $1M purchase in NSW with a 10%
deposit. Stamp duty and LMI are estimates and will
vary depending on your situation.