A new report has found prospective first home buyers are steadfast in entering the property market amid rising property prices and cost-of-living pressures.
The 2025 Helia Spotlight research report has revealed that 68 per cent of first home buyers have refused to give up on home ownership dreams, with many turning to alternative methods to enter the property market sooner.
The research, commissioned by LMI provider Helia and conducted by CoreData, gathered responses from 1,000 aspiring home buyers and recent home buyers around Australia to examine their attitudes, behaviours, and outlook in regard to home ownership.
The report found that financial readiness was the main concern for 49 per cent of respondents, overtaking deposit concerns (42 per cent) when it comes to home ownership barriers.
However, according to Helia, this sentiment is “underpinned by a growing sense of optimism” among respondents, with 48 per cent of young Aussies working overtime; taking second jobs (36 per cent); and delaying major milestones such as travel (48 per cent), starting a family (29 per cent), and marriage (25 per cent) in order to buy a home sooner.
Respondents also indicated that traditional savings are no longer enough to acquire the typically needed 20 per cent deposit, with 77 per cent of first home buyers saying they are unable to save for a deposit, while 24 per cent said they were unable to save at all.