Why does a deposit help?
A deposit lowers the amount you need to borrow. That can lower your monthly payment and may help your application look stronger.
Save for the start
Work out how much to save and how long it may take to reach your deposit goal.
Add your target deposit, your current savings, and what you can save each month. The calculator shows how your plan may look.
This page helps you turn a big deposit goal into a monthly savings plan.
Quick answers
A deposit lowers the amount you need to borrow. That can lower your monthly payment and may help your application look stronger.
Not always. Some buyers may qualify for a high or full bond, but a deposit can still make the numbers easier.
Plan for your deposit and also remember the other once-off buying costs, like transfer and bond registration costs.
Start with a smaller monthly goal and check your affordability. We can help you understand which options may still be possible.