A decade of savings isn’t enough for most first home buyers, as deposits soar out of reach

A decade of savings still isn't enough for most first home buyers (Nassim Khadem)

It takes a first home buyer almost 11.5 years to save a 20 per cent deposit for an average priced home.

And as of March 2022, the national median dwelling value was estimated to be eight-and-a-half times the median annual household income level nationally.