HIGH interest rates boosting savings means Australians could enter the property market two months earlier but are more likely to experience mortgage stress...

According to Domain’s latest First-Home Buyer Report in collaboration with Unloan, high interest rates can accelerate savings for those who save consistently, bringing up the...

As a result, the time needed for a couple aged between 25 to 34 to save a 20% deposit for an entry-priced property is down two months for houses and one month for...

“The current market still poses significant challenges for first-home buyers, given the record-high property prices and the ongoing cost-of-living crisis,” said Nicola Powell...

“While there has been a slight decrease in the time required to save compared to the previous year, it’s important to note the nuances involved. This decrease primarily applies to...

Mortgage serviceability for first home buyers is also impacted by high interest rates, with mortgage customers needing to dedicate less than 30% of their income to repayments...

“Our data shows that mortgage serviceability is stretched across our capitals, as both entry-level house and unit home loan repayments surpassing this comfortable threshold...

“The stretched mortgage serviceability highlights the dual effect of high cash rates on first-home buyers. While there has been a slight reduction in the time required to...

Powell notes that the current complex situation for first home buyers highlights the importance of government action to address housing supply.