Renters need $1 million for comfortable retirement

By John Collett
Updated April 15 2017 - 9:43am, first published March 28 2017 - 11:46am
MORTGAGES;SYDNEY;940920;PIX;SAHLAN HAYES;SMH MONEY;NEW HOUSES THE CHERRYBROOK/OAK FARM AREA IN SYDNEYS NORTH WEST. Photo: Sahlan Hayes
MORTGAGES;SYDNEY;940920;PIX;SAHLAN HAYES;SMH MONEY;NEW HOUSES THE CHERRYBROOK/OAK FARM AREA IN SYDNEYS NORTH WEST. Photo: Sahlan Hayes

It's becoming clearer that housing affordability, particularly in Sydney and Melbourne, has wider implications than just for those trying to get a foot on the property ladder.