* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Dalkeith to Yanchep: How many years would it take to pay off your mortgage

June 18, 2023
in News
Dalkeith to Yanchep: How many years would it take to pay off your mortgage
Share on FacebookShare on Twitter

It now takes nearly 30 years to own a house in Perth, but home buyers on a median income purchasing in the wealthy western suburbs would spend more than 60 years paying off their mortgage, according to new analysis.

Analysis by proptech platform HtAG Analytics found housing affordability has continued to decline in Perth.

Housing affordabilty is worsening in Perth.

Housing affordabilty is worsening in Perth.Credit: Western Studio Architecture

HtAG analysed the “years to own” metric – a measure of property affordability – to estimate the number of years it would take for a homebuyer to fully repay their home loan based on median home prices and family income levels.

Dalkeith is the least-affordable location for homebuyers in WA, taking 64 years to pay off a home, ahead of Quindalup, City Beach, Peppermint Grove and Cottesloe, which would all take 60 years to pay off a mortgage based on the suburb’s median household income.

It would take nearly 55 years for homebuyers to pay off their mortgage in East Perth, Mosman Park and Claremont.

Nationally, Strathfield in Sydney was the most unaffordable location to own a house in the country with home buyers forced to spend the next 144 years paying down a typical mortgage.

The most affordable suburbs in Greater Perth are concentrated on the outskirts of the metropolitan area including Seville Grove (18 years to own), Bertram and Hilbert (19 years to own), Midvale (20 years to own) and Aubin Grove (21 years to own).

Among the most affordable regions across Australia are in regional WA including Morawa (4.4 years to own) and Kambalda East in WA (5.2 years to own). The average price of a house in Morawa, located about 100 kilometres inland of Dongara, is $100,000.

HtAG Analytics co-founder Alex Fedoseev said the affordability of many suburbs has worsened in the past three years.

“Many prospective homebuyers face an overwhelming challenge when it comes to buying property in their desired area,” he said.

He said prime suburbs situated near the water or in upscale locations attract a population with well-established, generational wealth.

“In these areas, wealth often outpaces wage and income growth for the general population,” he said.

“The high demand for premium real estate from affluent residents drives up prices, making it challenging for individuals with lower or average incomes to afford houses in these neighbourhoods.”

However, he predicted the least affordable suburbs would see slower growth than more affordable areas.

“Suburbs with high years to own values are likely to experience downward pressure on house prices, as locals may struggle to afford to purchase houses as prices rise and incomes lag,” he said.

“However, there are other market variables that may still push the prices up even in low affordability markets.”

Loading

The Perth property market has been impacted by a number of variables that have put upwards pressure on price growth including WA’s growing population, rental crisis and increasing costs and ongoing delays in the building industry.

According to REIWA, despite a dozen interest rate rises properties in Perth are selling at the fastest rate since records began in 1998, and the number of properties on the market is plunging as sales outpace new listings.

CoreLogic’s Perth home value index increased 1.3 per cent in May and 2.4 per cent over the past three months to see Perth house prices hit a record median of $672,177.

The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here.

Most Viewed in National

Loading

Read More

Tags: DalkeithnewsYanchep
Previous Post

Sacked comic has last laugh as she takes on former radio bosses

Next Post

The other Ned Kelly: He murdered a cop in Perth pub and helped change gun laws

April 7 – Ecology, Safeway, and Washington State University Partner to Feed Cougs Well – Washington State Department of Ecology (.gov)

April 7 – Ecology, Safeway, and Washington State University Partner to Feed Cougs Well – Washington State Department of Ecology (.gov)

June 24, 2025
Iranian missile strikes Israel’s ‘crown jewel of science’ – AP News

Iranian Missile Strikes Rock Israel’s ‘Crown Jewel of Science’ in Dramatic Assault

June 24, 2025
Drone footage reveals orcas using tools in a stunning first – CNN

Incredible Drone Footage Reveals Orcas Using Tools in the Wild for the First Time

June 24, 2025
Lifestyle Brand Life Time Takes 52K SF at PBC’s 10 Bryant Park – Commercial Observer

Lifestyle Brand Life Time Expands with New 52K SF Space at 10 Bryant Park

June 24, 2025
How to Watch Benfica vs Bayern München: Live Stream FIFA Club World Cup, TV Channel – Newsweek

How to Watch Benfica vs Bayern München Live: FIFA Club World Cup Streaming and TV Guide

June 24, 2025
Trump Policies Slam Brakes on NYC Economy – THE CITY – NYC News

How Trump’s Policies Put the Brakes on NYC’s Economic Growth

June 24, 2025
Main Line Health combines culinary creativity with healthy eating – 6abc Philadelphia

Main Line Health combines culinary creativity with healthy eating – 6abc Philadelphia

June 24, 2025
Sen. Murkowski on new memoir ‘Far From Home’ and adapting to Trump era politics – PBS

Sen. Murkowski on new memoir ‘Far From Home’ and adapting to Trump era politics – PBS

June 24, 2025
China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

June 24, 2025
CBS Sports, Pac-12 extend partnership with network becoming primary partner as league eyes expansion – CBS Sports

Pac-12 and CBS Sports Strengthen Partnership Ahead of Thrilling League Expansion

June 24, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (698)
  • Economy (715)
  • Entertainment (21,611)
  • General (15,544)
  • Health (9,754)
  • Lifestyle (720)
  • News (22,149)
  • People (717)
  • Politics (722)
  • Science (15,933)
  • Sports (21,211)
  • Technology (15,700)
  • World (695)

Recent News

April 7 – Ecology, Safeway, and Washington State University Partner to Feed Cougs Well – Washington State Department of Ecology (.gov)

April 7 – Ecology, Safeway, and Washington State University Partner to Feed Cougs Well – Washington State Department of Ecology (.gov)

June 24, 2025
Iranian missile strikes Israel’s ‘crown jewel of science’ – AP News

Iranian Missile Strikes Rock Israel’s ‘Crown Jewel of Science’ in Dramatic Assault

June 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version