Rise of the middle-aged first home buyer

Advertisement

By Leith van Onselen

News.com.au has run an article today on the surge in middle-aged Australian first home buyers, who could become the majority within a decade:

Data from government-backed South Australian lender, HomeStart Finance — which has a particular interest in helping first-home buyers onto the property ladder — shows that between 2011 and 2015 the number of first-home buyers over 40-years-old increased by more than 50 per cent. And those aged 50 and over increased by more than 100 per cent.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.