It takes the average Australian couple more than four years to save up for their first home deposit, with Sydney topping the list with a staggering eight years, a new report reveals.

Bankwest’s first time buyers report, released on Thursday, shows that in 2016, average couples spent 4.4 years saving up for a 20 per cent deposit to buy a median-priced house – two months longer than last year. Buyers in NSW faced the longest wait at 5.7 years to save up…