This stage often follows the end of full-time educational training and the first few years when you enter the work force with one employer or more than one employer. A few people manage to get into this stage during school / university.

With little equity, gearing (borrowing) is unavoidable.

Yet there are some factors which weigh in favour of the young - time, energy, and potentially higher future annual incomes. Lending institutions look favourably at these attributes.

With little deposits required these days, it might make sense to get into the property market sooner than later even if the costs (as they often are) are a little higher.

It's even better if you can manage to get into this stage whilst living at home.