A lot of young Aussies are asking the same question: “Is it worth trying to buy a home in my 20s… or should I wait?”
The truth is, there’s no perfect age to buy — but there are some big advantages to getting in early if it’s doable for you.
Here’s the simple breakdown.
1. Buying early helps you get ahead faster
One of the biggest benefits of buying in your 20s is time.
- Time to build equity.
- Time to pay down the loan.
- Time for the home to grow in value.
By getting into the market sooner, even with a small starter home, you're giving yourself a head start most people don’t get until their 30s or 40s.
Even modest price growth over 5–10 years can make a huge difference.
2. You don’t need a huge deposit to get started
Most young buyers assume they need a massive deposit — but that’s not the reality anymore.
There are options made specifically for first-home buyers, including:
- Home Guarantee Scheme (buy with 5% deposit, no LMI)
- First Home Owner Grant (if building new)
- MWC $10k Deposit Boost™
- Buying with a friend or partner
- Using a gifted deposit or guarantor if family can help
Plenty of buyers in their early-to-mid 20s get into the market with $5k–$15k saved — depending on the pathway.
You don’t need to wait for a 20% deposit.
3. Renting vs buying in your 20s
If you’re renting, you’re already paying someone’s mortgage — just not your own.
Buying means:
- Your repayments go toward your home
- You can build wealth earlier
- You protect yourself against rising rents
- You start building equity instead of waiting for “later”
Even if your first place isn’t your forever home, it can be your first step into the market.
4. So… should you buy in your 20s?
If you have:
- Stable income
- A manageable lifestyle
- A realistic budget
- Some savings or support
- A desire to build wealth early
…then buying in your 20s can set you up decades ahead.
But it’s not about rushing — it’s about knowing where you stand.
Some of our youngest buyers thought they were “years away,” only to find out they were already eligible.
If you want to see whether buying now is possible (or if waiting is smarter), we can walk you through it based on your income, rent, savings and goals.
