Condition
Home prices vs earnings
How many years of full-time pay does an average home cost?
Average home price: 9.8 years of full-time pay, June quarter 2026.
- Latest
- 9.8 years
- Since the government took office
- Higher+1.7%
- Over the past year
- Higher+3.2%
Average home price ÷ average full-time annual earnings
- Years of full-time pay
What this is
The average value of a home in Australia divided by average full-time annual pay before tax. The answer is how many years of full pay the average home costs.
Why it matters
It is a simple test of how far homes have moved out of reach of people who rely on wages to buy one.
More from the figures
- The average home cost 9.8 times average full-time annual earnings in the June quarter 2026, against 9.7 times in the June quarter 2022 and 6.7 times in the December quarter 2011.
- This compares the average value of all homes with average full-time pay before tax. It does not include deposits, interest rates or the income of a second earner.
How it’s calculated
ABS mean price of residential dwellings divided by ABS full-time adult average weekly total earnings × 52. Earnings are surveyed in May and November and matched with the June and December quarter prices.