4 years to save deposit for a unit

It takes approximately 4 years for a couple who are first home buyers to save a deposit for a unit. First home owners need to save the longest to buy a unit in Melbourne and Sydney (4.3 years and 4.2 years respectively). If you wanted to buy a house in Sydney, it would take an extra two years.

A year ago it would take first time buyers 3.2 years to save a deposit for a unit.