The later you buy a home, the tougher it is to repay your mortgage

Loan repayments are eating up a larger share of average annual earnings.

Based on an average home loan in December that year. Repayments calculated at standard variable rates. Earnings calculated from total average earnings in November that year.
Source: ABS, 5601.0, 5609.0, 6302.0, RBA, Greg Jericho, The Australia Institute