Fewer than one-in-five able to buy a house

Mortgage insurer Genworth published a survey that shows 63 per cent of prospective first-home buyers could come up with a deposit of less than 20 per cent deposit of the price of any potential house purchase. Six per cent could not come up with a deposit at all. Forty-nine per cent said they would ideally like to purchase a home in the next 12 months, but only 17 per cent expected to be able to do so.