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Aerial view of Australian waterfront suburb with multiple residential homes along water
✓ ThenightlyPower & Policy

Median house $995,600 but average wage only buys $650k home

Labor claims its tax changes will slow housing growth by 2 percentage points over two years, leaving the median house at $995,600 and young buyers still locked out.

Why it mattersYoung Australians seeking home ownership need to know whether policy reforms actually shift what's affordable or merely slow an ongoing crisis.

AustraliaMost Australian renters under 35 face years of higher prices unless policy creates real supply or affordability, not just modest slowdowns.

✓ Claims checked against the source. checked 6 d ago

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