PHOTO: First homebuyers.

First homebuyers are reporting the lockdown has been good for something as reduced social outings mean they’re saving a deposit much faster.

With heavy restrictions still in place for many activities, young Aussies reported instead of spending money on smashed avo breakfasts, travel and going out, they were saving it.

Younger Aussies also revealed their determination to get a foot on the property ladder was growing as their bank accounts swelled.


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Two-thirds of Aussies aged under 30 polled in a recent Westpac survey claimed they’ve become more serious about buying a home since the COVID-19 crisis started.

Another survey showed close to half of Gen Z respondents were in a better financial position compared to before the coronavirus pandemic started.

Only about a quarter of Gen X respondents felt the same way.