Published on the Commonwealth Bank Website, by Jean-Paul Pelosi

Just over 14% of Australian buyers are first home owners, based on recent Australian Bureau of Statistics numbers. This compares to roughly 21% five years ago.

It follows many young buyers likely fall into this category and with rising prices and a fiercely competitive marketplace in many cities, industry analysts are increasingly concerned about a lack of affordable housing opportunities.

We asked a few experts about the major challenges they believe young Aussies face trying to break into the property market and got some tips on what first home buyers should look out for as they begin their purchasing journey.

Meighan Wells

Founder & Director, Property Pursuit Advisors

Author Page

Meighan Wells is the Founder and Director of Property Pursuit Advisors, which she established in 2003.

With more than 22 years' experience as an exclusive buyer's agent, she has helped clients purchase more than 1,000 properties worth over $950 million across Brisbane.

A three-time REIQ Buyer's Agent of the Year, MBA-qualified Licensed Real Estate Agent and former Chair of the REIQ Buyer's Agent Chapter, Meighan regularly shares her expertise on Brisbane's property market through articles, media commentary and industry presentations.

Young buyers and property: what are the challenges?