Despite ongoing affordability and tight supply, Gen Z are upping their home buying game. What’s driving it? The need for financial security and the desire to gain independence. Many are expanding location searches, targeting smaller deposits and changing their lifestyles to save more, all part of the push to buy their first home sooner.
October 2025 – 2 minutes read
Gen Z leads surge in first home buying intentions as optimism grows among young Australians.
35%
17.5%
53%
For many young Aussies, buying a first home is tough. Sisters Hollie and Sam combined their incomes, cut back on expenses, and set a realistic deposit goal. This allowed them to buy an affordable apartment in Bentleigh.
First home buyer tips from Hollie and Sam:
More on Hollie and Sam’s journey
“Gen Z are leaning in despite higher hurdles. They’re maintaining flexibility in their plans, considering available support, and signalling they won’t stay renters forever. That upswing matters for supply and affordability conversations in Australia over the coming years.”
For many first home buyers, the biggest barriers to home ownership remain:
With many planning a deposit of 10% or lower, options are further reduced. Add to that supply issues, it’s harder than ever to secure a property that meets buyers’ needs.
A dedicated lender will be in touch to answer your questions and guide you through next steps. Your lender will be able to start the application for you.
The key to a smoother experience is knowing what to expect. We're here to help every step of the way.
With a government-backed grant or scheme you could become a homeowner sooner.
Another way to make saving a deposit for a home easier. Find out how the guarantee works.
