Data from Finder’s First Home Buyer Report 2025 shows that 17% of first-home buyers across Australia received financial help from their parents, a figure that has grown by more than half since 2022, reports Mortgage Professional’s Australia magazine.
Meanwhile, the Sandwich Generation Report 2025 showed that nearly 70 per cent of those surveyed expected to provide more financial support to their families over the next five years, and more than 80 per cent were already helping their younger family members.
The research highlights the challenges younger Aussies are facing to get into the property market.
While it’s tougher for those without cashed up rellies, it’s not impossible.
The recent changes to the Australian Government’s First Home Guarantee program have removed place limits and boosted price caps for Brissie properties to $1 million.
This is a massive boost to first home buyers who can use this program to secure a home with just a 5 per cent deposit, without paying lenders mortgage insurance.
If you want to start your home ownership journey, get independent financial advice to help you map out your deposit saving plan and find out how much you can borrow.
Talking to local agents can also help you get a clear picture of what you can afford to buy and where. This will help you narrow down your priorities.
Looking for some help to get started? Contact us for a chat about anything real estate.
