First time buyers are coming back to the market.

IveSeenTheLight

Cat695 wrote: »

I believe 35k is the national average income of a household not the average wage

According to the following link, the following averages apply to the UK

Full Time Male
Median £27,196
Mean £32,930

Full Time Female
Median £21,498
Mean £25,333

Note** Weekly wages multiplied by 52.18 (365.25/7)

The link also breaks down into sub area averages

http://www.statistics.gov.uk/downloads/theme_labour/ASHE_2008/tab7_1a.xls

IveSeenTheLight

b0rker wrote: »

I have a load of mates with very large deposits saved up. A lot of wholm have been saving for a property for the past 3 years and were not far off affording one at the top of the market. Now that prices are coming down they are within reach.

Interesting post that you say that loads of FTBers you know managed to save a deposit and were close to being able to afford at the top of the market and with prices falling they are affordable now.

Do people see 3 years as a reasonable time to save up a deposit?

IveSeenTheLight

ad9898 wrote: »

The simple reason is, I'm not staying here in the long term, I'm off to Australia when/if I lose my job. Or if I keep it I'm off in just under 4 years anyway, so I'm never going to buy here.

This country is f**ked with a capital F..........

Even with prices falling here, I can still buy a 3 bed detached on an acre out there for less than a pathetic shoebox here and the economic prospects over there are much, much better.

If it is so bad in the UK in your opinion, maybe you should consider or would be better off moving earlier rather than waiting another 4 years