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A new report has found young Aussies are steadfast in entering the property market amid rising property prices and cost-of-living pressures.
The 2025 Helia Spotlight research report has revealed that 68 per cent of first home buyers have refused to give up on home ownership dreams, with many turning to alternative methods to enter the property market sooner.
The research, commissioned by LMI provider Helia and conducted by CoreData, gathered responses from 1,000 aspiring home buyers and recent home buyers around Australia to examine their attitudes, behaviours and outlook in regard to home ownership.
The report found that financial readiness was the main concern for 49 per cent of respondents, overtaking deposit concerns (42 per cent) when it comes to home ownership barriers.
However, according to Helia, this sentiment is “underpinned by a growing sense of optimism” among respondents, with 48 per cent of young Aussies working overtime, taking second jobs (36 per cent) and delaying major milestones such as travel (48 per cent), starting a family (29 per cent) and marriage (25 per cent) in order to buy a home sooner.
Respondents also indicated that traditional savings are no longer enough to acquire the typically needed 20 per cent deposit, with 77 per cent of first home buyers stating they are unable to save for a deposit while 24 per cent said they were unable to save at all.
The report also highlighted the role that mortgage brokers are playing in home-buying decisions as the 20 per cent deposit becomes further and further out of reach for first home buyers.
First home buyers using brokers have increased from 56 per cent in 2024 to 62 per cent so far in 2025, along with 49 per cent of home buyers in 2025 citing access to broker knowledge and expertise being their primary reason for choosing a broker, up from 36 per cent last year.
Helia chief commercial officer Greg McAweeney said: “Mortgage brokers play a crucial role in educating home buyers on their options.”
“They help home buyers understand the benefits and trade-offs of different pathways, empowering them to make informed decisions that align with their financial circumstances.”
Furthermore, 80 per cent of prospective first home buyers are considering turning to lenders mortgage insurance (LMI) to enter the property ladder, with 48 per cent of recent home buyers using LMI to secure their home.
McAweeney added: “Lenders mortgage insurance allows home buyers to enter the property market with as little as a 5 per cent deposit, helping them secure a home sooner and start building equity.
“With the bank of mum and dad not always an option, LMI is proving a vital solution for aspiring home buyers.”
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