Average first home buyer deposit cracks $100,000 as property market roars

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That's an increase of 16 per cent on January 2019. 9News

Finder's First Home Buyers Report 2021 now estimates it takes some first home buyers more than a decade to save the recommended 20 per cent deposit.NSW still holds the record for the buyers most in debt, with first timers saving up $128,469 on average to borrow $513,876.

NSW still holds the record for the buyers most in debt, with first timers saving up $128,469 on average to borrow $513,876.A full state-by-state breakdown, including the average size of the loan, can be found below. "Low interest rates have made it cheaper to pay down a mortgage, but this has pushed up property prices, making it even harder to save for a deposit."Alan and Melissa with children Mia and Evie. They planned to list their property for sale, then Melbourne's stage 4 lockdown began. Now that in-person property inspections are allowed again, they are putting their property on the market and plan to sell at an online auction.

 

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Seriously on 5% of the entire Australian population can afford to buy a home now. This is disgusting. Get rid of the government now all they do is work for the massively wealthy.

Good luck when all the rates and payments on your loans & mortgages go back up. So many people taking out loans and mortgages to pay for over priced housing just because the % is low. Gone and screwed yourselves over 5 years on.

Look at this piece of shit... artificially inflated devised to convey the notion of worth

Why is this happening when there's no population increase or MASS Immigration in over a year. Yet there's a housing crisis. Something doesn't add up.

Just ridiculous .

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