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Property Unpacked podcast: How long does it take a first home buyer to save for a deposit?

By
Domain
October 1, 2020
Sydney, Melbourne, Brisbane, Canberra, and Hobart first home buyers can expect to need longer to save for their first home deposits. Photo: iStock

The time taken for first-home buyers to save a deposit has continued to rise across most Australian capital cities.

It now takes the average first-home buyer couple in Sydney six and a half years to save a 20 per cent deposit for an entry-level house, with the time taken to save also rising in Melbourne, Brisbane, Canberra, and Hobart according to the latest Domain First Home Buyers Report.

Domain senior research analyst Dr Nicola Powell joins us on Property Unpacked this week to explain what insights the report revealed for first home buyers across the capital cities.

Also on this week’s episode we speak with Harry & Tash, the first father-daughter duo to appear on The Block, about their time on the show and their own property journeys leading up it.

Hear the full episode of Property Unpacked on Apple Podcasts, Spotify and everywhere else you find your podcasts.

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