A new report shows although Brisbane may be one of the cheaper cities in Australia to buy a house, first-home buyers are still likely to spend at least five years saving for a 20 per cent deposit.
However, the good news is those wanting to buy a unit will only need to save for about 4 years.
Place New Farm agent, Steve Yates, says it’s crucial first time buyers keep on track of rising house prices to keep up with changing market prices.