Surveys Say Aussie Buyers of New Homes for Sale are Getting Older

First home buyers are widely perceived to be people in their mid to late 20s. However, that conception may need to be re-evaluated, considering that surveys from 2011 onwards have shown that an increasing number of Australian first home buyers are well over their 30s. More recently, a report by uncovered that over 60 percent of first home buyers are now aged between 30 and 49 years old. Some industry groups and analysts have attributed the trend to more people saving for longer and purchasing later in life when they are in a better financial position. This theory appears to coincide with the reasons given by those surveyed: Financial security via the property ladder was the greatest motivator for most first time buyers.

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