First-Home Buyer Advice, News and Guides

Despite Melbourne’s booming house prices, a new report has found it is not taking first-home buyers any longer to enter than market than it was last year. The bad news? It's still six years and one month.

Despite the city’s soaring property market recently pushing median house prices to record heights, new data has revealed it takes 4 years and 2 months to save a 20 per cent house deposit – four months less than this time last year.

The great Australian dream has been pushed further out of reach for Canberra first-home buyers after new research revealed the time it takes to save for a 20 per cent deposit for a house in the capital had increased in the past year.

First-home buyers in Sydney have it tougher than anywhere else in the nation as the pandemic property boom pushes the time it takes to enter the market to record highs.

The Domain First-Home Buyer Report identifies the time it takes first-home buyer couples between 25 and 34 years old to save a 20 per cent deposit for an entry-priced home across our capital cities. The report also looks at which areas and number of bedrooms offer the quickest time to save. 

First-home buyers are flocking to the outer suburbs of our biggest cities for affordability, but new data shows a growing number are also turning back to inner-city apartment markets.

Apartments have been sitting empty since international borders shut, and there's little prospect of a jump in population growth in coming months. But beyond that, it's a different story.

Soaring house prices are heading to a point where the only way young people will be able to get into the market is with financial help from their family who are already in the market, experts say.

Ready to take the plunge and buy your first home? These tips should help smooth the way.

After deciding they wanted to purchase a home together in high school, teenagers Riley Tulle and Emily Rodger saved up enough money to get into the market by 19.