Australians earning more than $98,218 a year are now considered an above-average earner if they work full-time (pictured is a Sydney bartender)

Australians earning more than $98,218 a year are now considered above-average earners if they work full-time.

On this salary, a single professional can now buy a house worth more than $639,000. 

New Australian Bureau of Statistics data released on Thursday showed the average, full-time salary surged by 4.5 per cent in the year to November, to $1,889 a week, before bonuses and overtime.

Someone earning the average, full-time salary of $98,218 can now borrow $511,500, with RateCity revealing banks can lend a borrower who has a 20 per cent deposit 5.2 times their salary.

Australians earning more than $98,218 a year are now considered an above-average earner if they work full-time (pictured is a Sydney bartender)

Australians earning more than $98,218 a year are now considered an above-average earner if they work full-time (pictured is a Sydney bartender)

The average-income Australian borrower, with $127,875 in savings, can now buy a $639,375 home, if they could handle $3,146 in monthly repayments 

That is below the median house price in all of Australia’s capital cities.

But there are possibilities if they bought a rundown house near Mount Druitt in Sydney’s outer west or a house at St Albans in Melbourne’s north-west.

In Brisbane, that kind of money buys a house at Kallangur in the city’s north. 

Mining-rich Western Australia had the highest average, full-time salary of $109,600, making it the only state where workers are typically paid in the six figures.

Perth has a median house price of $708,335, following a 17 per cent surge in the year to January, CoreLogic data showed.

Someone earning just under $110,000 can borrow $544,500 to buy a house worth $680,625.

In NSW, the average, full-time salary is $98,353, which means someone can borrow $512,400 to buy a $640,500 home.

This would be insufficient to buy Sydney’s median house, priced at $1.395million, or the middle market unit at $828,525.

Victoria’s average, full-time salary of $96,621 would enable someone to borrow $501,617 to buy a $626,250 house with a 20 per cent deposit.

Someone earning the average, full-time salary of $98,218 can now borrow $511,500, with RateCity revealing banks can lend a borrower who has a 20 per cent deposit 5.2 times their salary (pictured is a Sydney auction)

Someone earning the average, full-time salary of $98,218 can now borrow $511,500, with RateCity revealing banks can lend a borrower who has a 20 per cent deposit 5.2 times their salary (pictured is a Sydney auction)

That is below the median house price in all of Australia's capital cities. But there are possibilities if they bought a rundown house near Mount Druitt in Sydney 's outer west (pictured is a house on a market at Bidwill with a $600,000 auction price guide)

That is below the median house price in all of Australia’s capital cities. But there are possibilities if they bought a rundown house near Mount Druitt in Sydney ‘s outer west (pictured is a house on a market at Bidwill with a $600,000 auction price guide)

This is well below Melbourne’s median house price of $942,750.

Queensland’s equivalent pay of $95,696 would borrow $494,700 to buy a $618,375 home, which is well below Brisbane’s median house price of $888,628.

South Australia’s average, full-time salary of $90,241 means someone could borrow $458,600 to buy a $573,250 home, which is well below Adelaide’s $774,969 median house price.

Tasmania’s equivalent pay of $86,840 means someone could borrow $436,000 to buy a $545,000 home, a level well under Hobart’s median house price of $692,619.

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