Low-income couple in Brisbane

Assumptions

The national minimum wage is $948 a week for a standard 38-hour week, or roughly $49,300 a year. Two people, both earning minimum wage, would have a combined annual income of about $98,600.

In June, the median unit price in Brisbane was $678,722.

We assume this low-income couple is approved for a loan for this property.

Deposit: The couple will need to have saved up a 5 per cent deposit of $33,936
Remaining mortgage: $644,786
Monthly repayment: $4160