There are conflicting reports as to whether the average age of first time buyers is increasing or decreasing. According to the Royal Mail " Average first time buyer age risen by eight years since 1960s53 per cent of would-be buyers not on property ladder think they will never afford to buy a home. Half of 25-34 year olds need a lump sum or better paid job to fund deposits The average age of a first time buyer has been increasing steadily since the 1960s and new research from Post Office Mortgages has revealed that 35 is the average age that a prospective homebuyer now expects to be before joining the property ladder.¹"
However the FT Adviser, the government’s Help to Buy ISA scheme has cut the age at which first-time buyers get on the housing ladder by three years. The median age of a first-time buyer using the government-backed scheme is 27 – three years younger than the national first-time buyer median age of 30, according to statistics from HM Treasury.
A number of sources agree though that the first time buyer age is very much dependent upon your location.