That is 40 percent more than the average £17,000 earned by first-time buyers.
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The average value of the property owned by the over-55s is now worth £398,000 - the equivalent of the cash gain based on a 6.3 percent growth in prices.
But beginners continue to face challenges getting on the ladder. Almost threequarters (68 percent) of younger people would not have been able to afford a property without help from older family members.
Their average salary is £34,000 and they are looking at properties with a typical asking price of £225,000, but the value of a three bedroom semi is costing seven times their normal earnings.
They also have saving pots of around £26,000 for deposits. According to think Tank, The Resolution Foundation's Intergenerational Audit, 10 percent of 18-29 year olds owned their home in 2020 compared to 25 percent in 1979.
The data, from nearly 2,500 householders over-55 and younger buyers, highlights the challenges as the Government tries to increase the number of property owners.