Housing deposits further out of reach than ever, new numbers show

Somebody who took the government's advice 10 years ago to "get a good job that pays good money" to enter the housing market would likely be further than ever from their goal today, new research shows.

A decade ago, a home buyer needed a deposit of $154,600 to buy a median-priced house in Sydney, data from the Australia Institute's chief economist Greg Jericho showed.

If someone earning the average full-time male wage had saved 15 per cent of every pay packet in the ten years since, they'd have amassed $126,096.

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