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Why more Aussies are choosing home ownership over having a wedding


Traditional Wedding
Traditional Wedding


In recent years, an increasing number of Australians have been prioritising homeownership over traditional wedding ceremonies. With rising property prices and the ever-growing cost of living, couples are making the financially savvy decision to invest in real estate rather than spend on lavish nuptials.

The Shift in Priorities

Historically, marriage was seen as the first step before buying a home. However, according to recent data, there has been an 80% increase in de facto couples securing home loans since 2010, now representing 27% of all mortgage approvals. This shift highlights a growing trend—many Australians are choosing to put their financial future first.

Why the Change?

  1. Soaring Wedding Costs – The average Australian wedding can cost upwards of $36,000. Instead of spending this on a single event, many couples are directing these funds toward a home deposit.

  2. Property Market Pressures – With housing prices continuing to rise, homeownership is becoming increasingly difficult, making it more urgent for couples to get into the market sooner rather than later.

  3. Long-Term Stability – Buying a property provides financial security and potential wealth accumulation, whereas a wedding, while meaningful, is a one-day expense.

  4. Changing Social Norms – Societal attitudes towards marriage have evolved, and there is less pressure for couples to formalise their relationship before purchasing a home together.

Is This the Right Choice for You?

While skipping or delaying a wedding to buy property may not be for everyone, it’s important to consider your financial goals and long-term security. If you’re in a committed relationship and looking to enter the property market, saving for a deposit might be a more strategic move than planning an extravagant wedding.

Final Thoughts

Homeownership is a major milestone, and for many Australians, it’s becoming a top priority over traditional life events. If you’re thinking about purchasing a home, seeking professional mortgage advice can help you navigate the best options available.

If you’re ready to start your home-buying journey, get in touch with our expert mortgage brokers today!



 
 
 

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