First Time Buyer Deposit Report 2015

financial indicator series

09 October 2015

The Bankwest First Time Buyers Deposit Report 2015 reveals Australian couples will have to save for an average 4.2 years to accumulate the almost $100,000 needed for a 20 per cent house deposit on the median priced home. They’ll need to accrue an average of $99,700 - $5,900 more than in 2014.

Sydney is the toughest market for first time buyers, with couples needing to save for an average of 7.9 years in order to put down a $198,700 deposit.

Bankwest's First Time Buyers Deposit Report 2015 reveals where it will take first home buyer couples the longest and shortest saving times to gather 20 per cent house deposits.

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