Since the launch of the annual RAMS FHBs Pulse Check Survey four years ago, the profile of the typical first home buyer has evolved.
FHBs are more likely to delay their first purchase to their mid to late 20s, reside in a capital city and be employed full-time with high incomes.
There has been a steady increase over the years of FHBs saving 50 per cent or more of their household income towards a home deposit, possibly suggesting that higher property prices are leading to a greater savings burden over time.
Source: RAMS
