First-time homebuyers – they’re most likely not the age you assume

“We have nonetheless received low-cost items you may get for $300,000 within the Northern Territory,” Ashmore stated. “To allow them to kind of get a deposit collectively once they’re ending uni or no matter, and whereas staying at house and saving a heap of cash. Then they exit and purchase a small, cheaper first property. In case you’re speaking about {couples}, they’re most likely extra into the late 20s right here within the Northern Territory. However for those who have been in Sydney or Melbourne, it could completely take longer. As a result of it simply takes them a lot longer to get the cash collectively, as a result of every part’s a lot dearer.”