High property prices and rising cost-of-living pressures make owning a first home in 2025 challenging. However, new government incentives and a cooling market could create a window of opportunity for buyers willing to compromise and adopt creative strategies like rent-vesting.
The path to owning a first home in 2025 is tipped to be a tightrope walk, with sky-high property prices on one side and mounting cost-of-living pressures on the other.
The reprieve may be short-lived, with interest rate cuts in the second quarter expected to reignite price growth – leaving first-home buyers grappling with creative ways to enter the market. “The prediction that Adelaide and Brisbane are going to surpass the $1 million median mark for house prices while not having enough affordable supply across our capitals are the main pain points,” she said.“But my advice to first home buyers is to familiarise yourself with the incentives that exist and the ones coming into place. These could be a game-changer.
“The market will start soft, but rate cuts in the second quarter will likely reignite demand and drive prices higher,” she said.Conisbee emphasised the importance of exploring bridesmaid suburbs – areas just outside high-demand markets that have collected significant price growth over the past year – and considering options such as co-buying.
“Our research shows that buyers are saving half of what they did just a year ago due to rising rents and other household expenses,” she said. “It’s not about finding the perfect home right now – it’s about getting a toe on the ladder and working your way up over time.”
Housing Market First-Time Home Buyers Affordability Government Incentives Rent-Vesting
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