Media Release

The latest research from MyFirstHome shines a light on the elephant in the room. First home buyers have changed. What used to be a financial goal to tick off in your 20s has slowly but surely been pushing out to something that, increasingly, is now achieved in your 30s.

First-time buyers are increasingly older and more financially established before stepping into the property market. 45.3 per cent of first home buyers are aged over 35,and make up 64.1 per cent of all buyer-types. The federal government’s expanded Home Guarantee Scheme commences this week on October 1, allowing first-time buyers to purchase with a 5 per cent deposit.