does a sensible mortgage get a sensible priced house ?

sjaypink

Thrugelmir wrote: »

I would be surprised if the wages figures for Swindon are representative. Unless there are some very high earners that skew the average figures. This makes comparison to house prices rather meaningless.

im not sure i follow you exactly?

surely there will always be fewer higher earners skewing the averages up- which is why the 'average' uk wage (whatever it is meant to be now) is often ridiculed as not representative.

but then again, neither is the average house price really.... so... um, this is a bit of a non-post....

i was just posting that i didnt think there is a particular correlation between higher hp areas - higher av earning areas.

beer_tins

The median wage was £24,908 in 2008, meaning half of people earned more and half less. However, that is the median for full time employees, it doesn't include the self employed, who tend to earn more. It also doesn't tell you much about household income. The average 'family' income in 2006 was £32,779, but again, it's not quite the same thing. There don't seem to be any concrete figures on an average UK household income over the last few years. And as already mentioned, there are huge discrepancies across areas and the self employed are normally not included in the stats.