House prices out of reach
COMMUNITY workers such as teachers and police face being priced out of most Australian capital cities due to rising house prices. A BankWest study shows 78 per cent of the nation’s local government areas have average house prices well outside the affordability of police, teachers, nurses, fire fighters and ambulance officers. The bank deems an area unaffordable if the average house price is more than five times the average annual earnings of a worker. Sydney is the most unaffordable, with the average price more than eight times the average annual earnings.