Number of first-time home buyers under 30 more than halves

 

The number of first-time home buyers under the age of 30 has more than halved in the last 16 years.

It has gone from a 60 percent market share in 2004, to 24 percent this year, according to a new report by the Banking and Payments Federation.

It comes as the Central Bank will today publish its annual review of mortgage lending rules, and outline whether banks can participate in the government's proposed shared equity scheme.

CEO of the BPFI, Brian Hayes, says lending rules are a factor in the rising age of first-time buyers: