New data reveals the income gap SA buyers face to own a home

Key points

• Single buyers in South Australia need to earn an average of $167,424 before tax to buy a median-priced home with a 20 per cent deposit, according to Canstar research. That figure is up from $139,778 last year.
• Canstar research group manager Josh Sale said higher interest rates have weakened the link between property prices and affordability. Buyers of units need an average pre-tax income of $114,741, up $17,656 on last year.
• Finder personal finance expert Sarah Megginson said cheaper homes do not automatically mean affordable ones.