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My parents were new immigrants and paid off their first home in 6 years raising a family. We did the same in Sydney in 5 years with a young family. In both instances, one partner was working only part time. So it can be done.

I like Kevin Lee's (Buyers agent at Smart Property Adviser) response: FORGET THE 12.48% - WHO, WHAT, WHERE AND WERE THE OTHER 87.52%? It never ceases to amaze me that first home buyers regularly receive a disproportionate amount of media and government attention when compared to the actual...

And complainers.....;)

No but it must be a factor. I know that we have set aside 2 of IP's to be a first home for our children when they are old enough - or alternatively they may use the income to purchase something else. Being a first generation Australian, there are many like me and you are now seeing reports...

From what I am reading, the economists are making the bold statement that investors are pushing first home buyers out based on the number of loans being sought at the lenders. This surely cannot be an accurate description to make the assumption. Many FHB's that I know have been fortunate...