Several factors contribute to this trend. The expansion of the 5% Deposit Scheme has made homeownership more accessible, allowing buyers to enter the market with a smaller initial deposit. Additionally, the average budget for first-home buyers has risen to $637,000 in 2025, up from $599,000 in 2024, reflecting an adaptation to the current market conditions.

However, saving for a deposit remains a significant hurdle. The increased demand has intensified competition, particularly in entry-level property segments, leading to higher prices and making it more challenging for first-time buyers to secure desired properties.

For prospective buyers, it's crucial to stay informed about available government schemes and to seek professional financial advice to navigate the complexities of the current housing market.