Minimum wage workers need 80% of income to afford homes

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The Australian Council of Trade Unions claims a minimum wage worker who earns $33,000 would need to spend 81% of their earnings to afford a mortgage in Australia’s capital cities.
 
The average dwelling prices across cities is $677,550, which leads low-income earners to be shut out of the housing market, Yahoo! News reported.
 
As a result, the union has lodged a submission to the Fair Work Commission's annual wage review seeking a $27 a week boost in the minimum wage.
 
"The only way they can afford to buy a home is to work multiple jobs but if all these jobs are low income then it still remains extremely tough," ACTU secretary Dave Oliver was quoted as saying.
 

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