Business
First-home buyers will take longer to save a house deposit in most cities despite pandemic: research – Domain News
It takes longer to save for an entry-level property in most capital cities now than a year ago, new research shows. But a couple of cities are bucking the trend.
First-home buyers will have to save for longer to get onto the property ladder compared to a year ago because sky-high housing prices have barely fallen so far in the pandemic-induced recession, new research shows.
But with home values tipped to keep sliding into next year, those first-home hopefuls who have managed to keep their jobs could find a window of opportunity soon.
It now takes the average first-home buyer couple in Sydney six years and six months to save a 20 per cent deposit on an …
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