Somebody who took the government's advice 10 years ago to "get a good job that pays good money" to enter the housing market would likely be further than ever from their goal today, new research shows.
A decade ago, a home buyer needed a deposit of $154,600 to buy a median-priced house in Sydney, data from the Australia Institute's chief economist Greg Jericho showed.
If someone earning the average full-time male wage had saved 15 per cent of every pay packet in the ten years since, they'd have amassed $126,096.