Growing Trend of First-Home Buyers Over 40 in Victoria

Implications for Long-Term Mortgage Commitments

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Victoria is witnessing a notable shift in the demographics of first-home buyers, with a growing proportion making their initial property purchase after the age of 40.

Recent data from the State Revenue Office indicates that over 1,000 Victorians in their 60s bought their first home in the past financial year.

While this trend reflects the determination of older Australians to achieve homeownership, it also raises concerns about the financial implications of entering into long-term mortgage commitments later in life. Experts warn that individuals taking on mortgages in their 40s or 50s may find themselves repaying loans well into their retirement years, potentially impacting their financial stability.

Prospective buyers in this age bracket are encouraged to assess their long-term financial plans carefully and consider seeking advice to ensure that their mortgage commitments align with their retirement goals and overall financial health.

Published:Wednesday, 15th Apr 2026
Author: Paige Estritori

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Equity:
The value of an ownership interest in an asset or company, after all debts and liabilities are deducted.

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