While family support remains key for young buyers entering the property market, this approach is evolving. Direct contributions to deposits from parents dropped from 60 per cent in 2023 to 47 per cent in 2024. Instead, families are finding alternative ways to assist, such as helping with ongoing costs and covering LMI fees, the report finds. 

Affordability challenges are pushing buyers to consider interstate purchases, with 40 per cent of first-home buyers now exploring this option. The trend of 'rentvesting'—buying an investment property in a more affordable location while renting elsewhere—is also gaining traction. PropTrack data reveals that a median-income household earning over $112,000 per year can now afford just 14 per cent of homes nationwide, compared to 43 per cent three years ago. 

These shifting trends have transformed the role of mortgage brokers. They are no longer just loan facilitators but also offer expert guidance, helping buyers to navigate modern homeownership options. The Helia report shows that 91 per cent of first-home buyers plan to use a mortgage broker for their expertise, time savings, and access to better deals.