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The Aussie cities where it's easiest to save up for a home deposit

Miriah Davis

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Australia's spiralling housing crisis has put increasing pressure on both renters and homebuyers.

Amid the challenging conditions, new data from Mortgage Broker has found the capital cities where saving up for a house deposit is the most achievable.

Attribution: Nine
8. Brisbane
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8. Brisbane

Brisbane is the most difficult city to save for a home deposit with an affordability score of 5.77 out of 10.

Despite a relatively lower weekly rent of $630 and a weekly salary of $1,845, high cost of living and expensive transport leaves residents with only $72 to put away each month.

Attribution: Getty
7. Sydney
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7. Sydney

Unsurprisingly Sydney has an affordability score of 5.87 out of 10.

Residents typically earn around $1891 per week but fork out 39.65 per cent of their on rent.

This leaves Sydneysiders able to save just $74 a month.

Attribution: Getty Images/iStockphoto
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6. Adelaide
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6. Adelaide

Adelaide has an affordability score of 7.15.

Residents take home a slightly lower weekly wage of $1735 but only 34 per cent of their income goes towards rent.

People spend about $100 less a month on public transport compared to Sydney and Brisbane.

Attribution: Getty
4. Canberra
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4. Canberra

Canberra has an affordability score of 7.23 out of 10 with residents able to save around $82 a month.

Weekly wages are also higher at $2088 and average rent is about $690.

Attribution: Instagram/Visit Canberra
4. Darwin
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4. Darwin

Darwin shares equal ranking with an affordability score of 7.23 out of 10.

In the Top End rent-to-income ratio is the highest at 36 per cent, meaning residents spend the largest portion of their income on rent but are able to save $72 a month thanks to lower transport costs.

Attribution: Getty Images/iStockphoto
3. Hobart
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3. Hobart

Hobart ranks third with an affordability score of 7.38 out of 10.

Residents spend an average of $86.23 per month on public transport and 32 per cent of their weekly income on rent making the city more affordable than places like Sydney.

Attribution: Getty Images/iStockphoto
2. Melbourne
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2. Melbourne

Melbourne recorded an affordability score of 7.75 out of 10.

About 35.6 per cent of residents already hold mortgages and rent consumes 31.2 per cent of a Melburnian's average income.

Attribution: Visit Victoria
1. Perth
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1. Perth

Perth is Australia's most affordable capital city to save for a deposit, with an affordability score of 8.56 out of 10.

The city has the highest average weekly salary at $2108 and the lowest rent-to-income ratio of 30.85 per cent.

Residents are able to save $82 per month based on 1 per cent of their disposable income.

Attribution: Getty
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