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22 October 2026

How long does it take to save up for a starter home? Twice as long as it did in 2019

Downunder Voices Newsroom

Source reporting: NPR News

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How long does it take to save up for a starter home? Twice as long as it did in 2019

A new analysis finds that the average renter household now needs 16 years to save for a down payment and closing costs. Rising rents and other costs have consumed a growing share of household budgets. (Image credit: Justin Sullivan)

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