Aust first home buyers face long haul

BANKWEST says it will take a Sydney couple nearly eight years to accumulate the $200,000 needed for a 20 per cent deposit on a median-priced house.

IT takes first home buyers nearly eight years in Sydney, about six years in Melbourne and four years in Brisbane to save a 20 per cent deposit for a median priced house.

ON a national basis, it takes an average 4.2 years for couples to accumulate about $100,000 needed for a 20 per cent deposit on a house in 2015.