SA still affordable for first home buyers

FIRST HOME OWNERS... Jacinta McPeake and Jesse Pommery with their first home.

 

FIRST-time buying couples in South Australia can save a 20 per cent deposit for an average house in 3.3 years.

New research from Bankwest shows SA houses have increased in value by 2.8 per cent in the past year, only marginally more than wages (2.6 per cent).

Only Tasmania is more affordable for first-home buyers where a couple would need to save for 2.8 years to buy a home, well below the national average of 4.2 years.

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