Business
First-home buyers will take longer to save a house deposit in Sydney despite pandemic – Domain News
It is the most expensive city to buy a house and it now takes two months longer to save for an entry-level house deposit compared to last year.
First-home buyers in Sydney will have to save for even longer to get into the property market than they did this time last year, despite the impact of the coronavirus crisis on property prices, according to new research.
Domains First-Home Buyer Report, released Thursday, found it took buyers six years and six months to put together a 20 per cent deposit on their first home in Sydney the longest for any Australian capital city.
Sydney remains the most expensive city to purchase a house, and i…
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