Interesting.. Given the current median price and interest rates in Australia, $150k isn't actually enough for a 20% deposit on the mortgage for the average hous

Interesting.. Given the current median price and interest rates in Australia, $150k isn't actually enough for a 20% deposit on the mortgage for the average house here, especially as you get closer to the city. Within about a 20 mile radius and increasing with proximity to public transport, you'd be looking at a median price of over $1.15M, quite nearly insurmountable for most people wishing to enter the market simply due to the capital required before you can even get a home loan.