5 reasons to buy a home in your 20s

1. Flexibility

Being young often means you have more freedom to move, adapt, and embrace change. You may not yet be tied down by a long list of responsibilities or fixed routines, so the transition into homeownership can feel less daunting.

2. Financial edge

You may have fewer financial commitments like dependents, debts, or ongoing expenses. This can work in your favour when applying for a home loan. Lenders look at your income vs expenses, so starting young may mean you’re in a stronger borrowing position.

3. More creative options

In your 20s, you may be more open to teaming up—whether it’s buying with a partner, sibling, or friend. Pooling your savings and borrowing capacity may help you to get onto the property ladder sooner.

4. Open to shared living

Willing to rent out a room? Sharing with mates or family members can ease the financial load and make your mortgage more manageable. Plus, it can be a lot of fun!

5. Good investment

Buying young sets you up early. Whether you stay in the home or turn it into an investment property later on, your 20s are a great time to start building wealth for the future.

Quick tips

• Lean on Experience — Ask family or friends who own property for advice.

• Know Your Numbers — Create a realistic budget using a free planner like this one.

• Chat to Experts — Understanding your borrowing power and deposit requirements is key.

• Start with a Plan — Set expectations and stick to your goals.

• Stay the Course — Even if it takes time, every step forward counts.

Ready to own?