Thirty-four years old, a couple and a $486,000 mortgage – this is what the average first home buyer looks like, according to Australia’s largest lenders.
First home buyers are more often than not a couple, and supported by some variety of government subsidy. They are largely buying in big cities, and make up about one in every 10 loans at a major bank.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com