At what age is 'normal' to buy? How old were you?

FIRSTTIMER · 30 May 2015 at 5:22PM

Hi,

I just wanted to not feel so on my own by asking what age are people buying these days? I am 30 have a 40k deposit and am thinking I should be buying now as opposed to living with the parents.....thoughts?

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Pixie5740 · 30 May 2015 at 5:32PM

Why are the only options living with parents or buying? I left home at 19, rented for a number of years whilst at university and the for flexibility to move for jobs. Bought at 26 then went back to renting at 30 as I moved cities to further my career. About to buy again.

King_Slayer · 30 May 2015 at 5:38PM

At the age you can afford to buy a property.

J_i_m · 30 May 2015 at 5:39PM

32 and counting.

Rented in my mid 20s, moved back in with the parents in order to save a deposit.

sujac · 30 May 2015 at 5:41PM

Bought first house 10 years ago at age 24. We did have help with deposit though from in laws.

Kynthia · 30 May 2015 at 5:44PM

I'd say most, but not all, are between 25 and 35 when they first buy. However I'd expect someone who had been living with their parents the whole time to have bought by 30 as they would have saved much more money than renters and surely want their own space.

Mallotum_X · 30 May 2015 at 5:58PM

I'm 38 and bought at 25.

I don't understand why anyone my age wouldn't have bought, we had the option to buy before the current boom, with easy credit.

At 25 I thought I was old already as many people had bought by then.

Agreed it's tough now for anyone under 32/33 but for those pushing 40 why leave it this late.

Jhoney_2 · 30 May 2015 at 6:01PM

Went for it at 19, with a full time job and no help. But i'm a fan of making my own way regardless.

'These days' people feel it's okay to go and live back home whilst they save, parents/in-laws gifting them deposits etc because the media says that's what everyone is doing. I don't agree or think it's fair on parents from a non financial POV e.g raised their kids and now time for them and their way of life again - which was on hold due to raising the family iyswim.

Whether they agree to the imposition on not, that's what it is and it's unfair, imo.

If you are able, step out into the world and find your future, you will enjoy or learn from the experiences along the way.