Poll: Has first-time buyer mortgage behaviour changed?

Defaqto, meanwhile, reported that in just a week the average cost of a five per cent deposit deal rose from 2.45 per cent to 2.69 per cent after months upon months of rate cuts.

At the same time, first-time buyer mortgage searches are at their lowest point since June 2020.

This week in the Mortgage Solutions poll we want to know, are first-time buyers taking an early Christmas break from house hunting or are they simply armed with a bigger deposit to get a lower rate?

Are FTBs taking an early Christmas break from house hunting or are they simply armed with a bigger deposit?

I’m seeing more first-time buyers saving for a deposit of 10 per cent or more.

I’m seeing more first-time buyers with a gifted deposit from family.

The amount of first-time buyers I’ve seen has declined in recent months.

I haven’t noticed a change in first-time buyer mortgage behaviour.

• I’m seeing more first-time buyers saving for a deposit of 10 per cent or more.
  26.8%
• I’m seeing more first-time buyers with a gifted deposit from family.
  26.8%
• The amount of first-time buyers I’ve seen has declined in recent months.
  29.3%
• I haven’t noticed a change in first-time buyer mortgage behaviour.
  17.1%

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