• Everything from avocado on toast to coffee to zoning laws has been blamed for a lack of affordable housing, particularly for first-time buyers, but is it really that simple?

With house prices rising and interest rates falling, just how long does it take the average single person or couple to save for a deposit for their first home?

A new analysis shows single first-time buyers living in NSW take 4.3 years to save for a 10% deposit and 8.3 years for a 20% deposit.

READ MORE VIA REALESTATE.COM.AU

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The findings do not take into account rising house prices, which is one of the biggest challenges for first-time buyers, REA Group Chief Economist Nerida Conisbee says.