A lot can be achieved in 40 years.
You could build a decent sized Egyptian pyramid with manual labour, construct a massive channel connecting the Atlantic and Pacific oceans and still have another decade up your sleeve to develop the Apollo program to get the first man on the moon.
There would also be enough time to enjoy four weeks’ annual leave each year and three sets of accrued long service leave.
Or you could spend the time saving, just to scrape together a deposit for an average Sydney house, on an average wage.
Yes, that’s the crushing news from investment bank UBS’s economics team who have constructed a model to calculate how long it takes first home buyers to just get to the doorstep of home ownership.
Paying it off is another level of bleakness.
Story by www.abc.net.au