Deposit goal
Low-deposit government schemes can reduce the savings needed for a first home.
SourceHousing Australia
Bronze row · ages 22 to 31
Low-deposit government schemes can reduce the savings needed for a first home.
Two incomes can lift borrowing power, and costs are shared.
Pay growth tends to be fastest before 35, mostly from changing roles or employers.
Salary packaging, offsets and deductions begin to matter.
Wills, powers of attorney and super beneficiaries become relevant.
Search these names on the department sites below. Links go to each department's home page.
Figures from published research for the age groups that cover 28–29. Sources often publish wider age groups, so the group shown is the one that includes these ages. They describe groups of people, not any one person. Checked 23 October 2026.
Calendar year 2025. Top two scam types by total loss among reports that included a loss. Unreported scams are not counted.
2025 Consumer Payments Survey. Share of payments made using cards.
30 June 2024. Per account, not per person, because many people hold more than one account. Median is the middle account; average is pulled up by large balances.
2019–20 financial year. By age of the household's reference person, as shown in the ABS graph. The ABS page does not say whether the values are averages or medians, so treat them as indicative.
2019–20. Share of all recent first home buyers in this age group (age of the household reference person). It is not the share of the age group who buy.
Census 2021. Owners with and without a mortgage combined.
Census 2021. Share of people in the age group who lived alone.
2024. Births per 1,000 women in the age group.
2024. All births, not only first births.
2025. Covers all marriages, not only first marriages.
2022. Share of people in the age group who provide informal care. About 11.9% of all Australians living in households (3.0 million) were carers.
2022. Share of people in the age group with disability. Overall 21.4% of Australians (5.5 million) had disability in 2022.
Dollar figures are in the dollars of the year shown. Average and median are not the same: the median is the middle value. Not financial advice.
Illustrative gross incomes: lower about $50,000, middle about $100,000, higher about $200,000 a year. For ages under 18, read these as household incomes. For retirement ages, read them as lower, middle and higher income and savings. They are examples, not official brackets.
A single income may stretch to a small purchase only with a scheme or help. Renting while saving remains common.
Two incomes and a scheme-backed deposit may open the door to a first purchase. Budgeting for stamp duty and legal costs is key.
Borrowing power is high, but location and long-term cashflow decide the purchase. Investment property may be considered.