AUSTRALIAN PROPERTY INSIGHTS
VERTICAL COMMUNITIES
CHART 7
AVERAGE AGE FOR FIRST-TIME HOMEBUYERS IN AUSTRALIA
36
34
32
30
28
26
24
22
20
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Source: Digital Finance Analytics
AFFORDABILITY CONSTRAINTS & OWNERSHIP BARRIERS The demographic and lifestyle shifts are unfolding against the backdrop of intensifying housing affordability pressures. In many metropolitan areas, home ownership has become increasingly out of reach for middle-income earners. Mortgage repayments now consume an outsized portion of household income, with affordability gaps most acute in inner-suburban locations. Over the past twenty years the average age of first-home buyers has increased by a full decade. For many households a delayed or permanently deferred ownership pathway means that long-term renting is no longer a marginal choice but the default tenure.
7
CUSHMAN & WAKEFIELD
Powered by FlippingBook