Buying a home
Deposit calculator.
Deposit targets, and an honest timeline to reach them.
- 01Former commercial bankers
- 02Access to 100+ lenders
- 03A director on every file
- 04A reply within one business day
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You may already be in range
5% reached
You're at or above a 5% deposit. Some lenders and government schemes work at this level. Worth a conversation about what's actually open to you.
- 5% deposit
- $35,000
- 10% deposit
- $70,000
- 20% deposit (avoids LMI)
- $140,000
- Saved so far
- $45,000
- Gap to 20%
- $95,000
- Months to 20% at current rate
- 64
What could change this figure
- Government schemes that reduce the deposit needed
- Whether a family guarantee is available to you
- Stamp duty and upfront costs on top of the deposit
- Changes to your income, expenses or property price target
This is an estimate only, based on the figures you have entered and simplified assumptions. It is not credit advice, an offer of credit, or an indication that any lender will approve a loan.
How this is calculated
- Timelines assume a constant saving rate and a constant property price target.
- Government schemes and family guarantees can materially reduce the deposit required. They are not modelled here.
- Stamp duty and upfront costs sit on top of the deposit figures shown.
Free guide
The First Home Buyer's Plain English Guide
National edition
- What you can realistically borrow, and what lenders actually look at
- How much deposit you really need, and how LMI can sometimes be avoided
- The grants and concessions available, and who qualifies
- The upfront costs most first buyers forget until settlement
Let's get you to the right place
A few quick questions. No obligation, no pressure.
Tell us a little about your situation and we will point you straight to a call or a message, whichever gets you moving fastest.
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