Wicklow Has The Highest Household Income For New Properties

New mortgage customers need significantly higher incomes in order to buy a home, according to a new report.

The Banking and Payments Federation has found nearly €80,000 is needed to secure a draw down.

Just 13 percent of first time buyer mortgages and 7 percent of mover purchase mortgages were backed by incomes of up to €60,000 last year.

It means that as house prices go up, so too does the joint salaries needed to draw down a mortgage.

As is always the case, the government's line is that it must increase supply of housing to bring prices down.

Wicklow had the highest household income for new properties, while just a quarter of mortgages in Limerick were on new builds.