Getting onto the housing ladder has become a daunting task.
House prices have soared across the country in recent years and data from December 2021 showed Liverpool has the fastest-rising house prices of any UK city, seeing a 10.6% rise in 2021.
As the country faces a cost of living crisis, with rises in utility bills and National Insurance to come in April, financial situations for many will worsen and buying property won't get any easier - despite what a 'Location, Location, Location' presenter has to say on the matter.
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According to Zoopla, the average sold price for a property in Liverpool in the last 12 months was £205,885.
The property website has also calculated the average cost of a first home across the Liverpool City Region.
Using this data, we have compared the required income needed to buy a home across the region, as well as the average deposit of 15% required to put down.
Halton
Halton is the city region's cheapest borough for housing with a median price for first homes of £118,000.
In order to buy a first home in Halton, you would need a salary of £19,875 and be able to put down a deposit of £17,700 - based on 15% of the house price.
St Helens
St Helens is a hotspot for first-time buyers, who made up 54.41% of the total house buyers in the town last year.
The most popular property type in the town is a three bedroom semi-detached and the median price for a first home is £125,000.
Using that average price, a first-time buyer would need a gross income of £21,350 and a deposit of £18,750 in order to purchase property.
Knowsley
Like St Helens, a three bed semi is the most popular property type in Knowsley, where 54.37% of house buyers last year were buying their first home.
The median price for first homes was £130,00, meaning a gross income of £22,525 and a 15% deposit of £19,500 would be required in order to make the purchase.
Liverpool
The city of Liverpool has a median first property price of £130,000 and the most popular property type is a three bed terrace.
Just over half - 50.26% - of house buyers last year were doing so for the first time.
However, based on that average price, in order to buy for the first time in Liverpool you would need a salary of £22,525 and would need to be able to put down a 15% deposit of £19,500.
Sefton
Sefton has the same median property price for first-time buyers as Liverpool - £130,000 - meaning that the salary and deposit figures are the same.
First-time buyers would need a salary of £22,525 and a deposit of £19,500 in order to secure a home in the borough.
Wirral
At 43.92%, Wirral had the region's lowest proportion of first-time buyers last year.
However, it has the same median price as Liverpool and Sefton - £130,000.
This means that, again, first-time buyers would need a salary of £22,525 and a deposit of £19,500 to pay for the median property.
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