How much you need to earn to buy a first home on a 5 per cent deposit

For buyers using the First Home Guarantee to purchase at the scheme's maximum price cap with the minimum deposit

(Please use a modern browser to see the interactive version of this visualization)

Assumes a 30-year loan term, a 5.44 per cent mortgage rate, no dependents and spending based on the Household Expenditure Measure.

Source: Compare Club