# Explainer: Who can actually afford the average €286,000 three-bedroom duplex?

Official data compiled by the Irish Independent shows that the average three-bed Semi-D, costing €286,611, is prohibitive for most workers when buying alone.

First-time buyers can borrow up to three-and-a-half times their gross income and have a 10 percent deposit, while second and subsequent buyers require 20 percent, although banks and lenders can make exceptions.

We’ve compiled the numbers below to find out who can actually afford the average €286,000 semi-detached house in today’s market?

• Secretary General of Government Department is on €250,000 x 3.5 = €875,000 mortgage
• ICT staff earns an average of €78,583 per year x 3.5* = €275,040 Mortgage *includes all income, not just base salary
• Senior LibrarianMunicipality is €58,903 at level 6 of the fee scale x 3.5 = €206,160 mortgage
• Garda From the sixth year, the mortgage is €44,875 x 3.5 = €157,062
• teacher is €44,799 in the sixth year x 3.5 = €156,796 mortgage
• employed nurse to the basic salary from the age of six to €38,260 x 3.5 = €133,910 mortgage
• clerk (clerk) at six years is €30,555 x 3.5 = €106,942 mortgage
• Retail Assistant in the sixth year with a supermarket chain to €28,970 x 3.5 = €101,395 mortgage
• minimum wage workerr to €21,915 x 3.5 = €74,784 mortgage

Is there hope for couples?

• Couple Garda and Nurse = €299,470

• Two employees in the private sector = €289,520 *includes all earnings, not just base salary

• Two government employees = €377,874 *includes all earnings, not just base salary

https://www.independent.ie/business/personal-finance/latest-news/explainer-who-can-actually-afford-the-average-286k-three-bedroom-semi-d-41862219.html Explainer: Who can actually afford the average €286,000 three-bedroom duplex?

### Fry Electronics Team

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