The Average Age Of First-Time Home Buyers Actually Gives Me A Wafer-Thin Feeling Of Hope

If I had to guess the age I’ll be as a first-time home-buyer, it would be around 45. That’s 20 years away but I still reckon it’s an optimistic shoot in the dark. Maybe I’ll keep things spicy and never own? Who knows! It goes without saying that owning a home isn’t the be-all and end-all. These days, people build wealth in a range of ways — whether it’s investing or saving while renting. But today, for those who are interested in owning, let’s get into it. With Aussie house prices absolutely cooked and now the cost of living skyrocketing, it’s all feeling a little bit bloody bleak. While I can’t kick down the doors of parliament house and demand houses be cheaper, I can suss out the situation among the fellow youths for you. Do any young folks actually own houses? When did they buy them? How the fuck? We polled ours’ and Money by Afterpay‘s audiences to get the goss on who owns what. Of those polled, 43% of people own a house or property already (excuse me?!). Of the owners, 9% were aged 18 – 24 when they bought, while 25% were aged 25 – 30, and 14% were 31 – 35. On the other side of the fence, 52% are still saving for a place, while 16% reckon they don’t have a hope of owning one in the next ten years. Same, my friends. Same. Let’s see what the ol’ stats say, shall we?

The average age

first-home buyersglobal study

The average price

median house priceone million dollars

The average Joe’s way in

Danny SarahMaddieJenRoryChrisAlanaNavidEliseJamesHannahMoney by AfterpayPlease note that this information is general in nature and shouldn’t be construed as financial advice. Money by Afterpay is a product from Afterpay Australia Pty Ltd (ABN 15 169 342 947, AFSL 527911) with accounts and debit cards issued by Westpac Banking Corporation (ABN 33 007 457 141, AFSL 233714). T&Cs apply.*Names have been changed for privacy.

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