How long it takes first time buyers to save by state

It's now taking first time buyers even longer to save for a home, as price growth in some areas makes the time to save a 20% deposit rise ever higher.

Bankwest's First Time Buyer Deposit report explains how long it takes from state to state.

• New South Wales: 4.8 years (If looking at Sydney, this is at 6.7 years)
  
  
• Victoria: 4.4 years (if in Melbourne, this increases to 5.5 years)
  
  
• ACT: 4.0 years
  
  
• Northern Territory: 4.1 years (In Darwin, this spans to 4.2 years)
  
  
• Queensland: 3.8 years (4.1 years for Brisbane)
  
  
• Western Australia: 3.7 years (For Perth, 3.9 years)
  
  
• South Australia: 3.3 years (For Adelaide, 3.6 years)
  
  
• Tasmania: 2.7 years (For Hobart, this increases to 3.3 years)

For more findings from the report, including the 10 LGAs where saving is quickest across the country, click here.

Source: Bankwest