Salary you need to afford home in parts of Sydney revealed

Key points

• Home buyers in Sydney need a much higher income than last year, even as house prices fall. Canstar analysis of realestate.com.au figures found a typical Sydney house now requires a pre-tax income of close to $250,000 a year.
• Buying a median priced unit with a 20 per cent deposit requires about $140,000 a year. Both figures rose well above average wage growth of 3.5 per cent.
• Canstar said borrowing costs have risen faster than property values have fallen.