Single and Buying Solo: How First-Home Ownership Is Changing

A New Path to Homeownership

More Australians are choosing to buy their first home on their own – and not because it’s a fallback plan. For many singles, purchasing solo is becoming a confident, empowered step toward financial independence.

Rising property prices, shifting life stages, and a desire for stability mean that the “traditional” way of entering the property market is evolving. Today, more people are choosing to build security for themselves rather than waiting for the perfect time or partner.

And if you’re considering it too, you’re in good company.

Why Are More Singles Choosing to Buy Solo?

Buying on your own can be shaped by both personal goals and practical realities. Some key reasons include:

Greater Financial Independence

People want the security of having something that’s theirs alone, especially in a fast-changing world.

Life Milestones Are Changing

Partnerships, families, and career shifts are happening later – so property decisions are happening earlier.

A Desire for Flexibility

Singles often want a home base that gives stability without limiting lifestyle choices like travel, career changes, or remote work.

Government Incentives

Schemes such as the First Home Guarantee or stamp duty concessions help make solo buying more accessible.

What to Consider When You’re Buying Alone

Purchasing independently comes with its own mix of practical and emotional considerations. Being aware of them early can make the journey feel much easier.

Your Borrowing Capacity

With one income, borrowing limits may look different – but that doesn’t mean homeownership is out of reach. A mortgage broker can help you understand your options and find lenders who support your goals.

Lifestyle & Affordability

Think about:

• Where you want to live now versus where you see yourself in a few years
• The type of property that fits your lifestyle
• Whether you’re buying for long-term stability or simply to get into the market

Singles often find success by being strategic – choosing areas with growth potential or opting for low-maintenance homes.

Building a Safety Net

Since everything falls on one set of shoulders, planning ahead matters. Consider:

• An emergency fund
• Income protection
• How future career or life changes could affect repayments

These measures can help you feel supported throughout the journey.

The Emotional Side of Buying Solo

Buying a home on your own is a huge achievement. Many single buyers describe the experience as:

• Empowering – because they reached this milestone independently
• Grounding – having a place that truly feels like “theirs”
• Motivating – as they start to build long-term wealth and stability

There’s no “right” way to become a homeowner – buying solo is simply another path, and one worth celebrating.

Building a Support Team

Even though you’re buying solo, you don’t have to navigate everything alone.
A supportive team – especially a knowledgeable mortgage broker – can help you:

• Understand how much you can comfortably borrow
• Compare lenders and loan options
• Access grants or schemes designed for first-home buyers
• Make decisions with clarity and confidence

Having experts in your corner can make the process feel smoother and far less overwhelming.

Ready to start your solo home-buying journey?

Talk to the Inovayt team today for a personalised home loan assessment – it’s free, clear and tailored to your situation.