Feature article

Getting your money together: how much do you need?

Did you know you can buy a house with less than a 20% deposit?

Victoria Harris
Last updated: 18 September 2024 | 7 min read

1. A 5% deposit

2. A 10% deposit

3. A 30% deposit

Some complicated terms

Cash back

Loan-to-Value Ratios (LVRs)

Example 1: Buying a $675,000 house on your own

Example 2: Buying a $875,000 house with someone else

When do you need the deposit?

Buying a new build

Buying an existing home

Other things to consider when paying your deposit

Before going to auction, you should…

Make sure you leave a little money left over!

Financial Disclaimer

Author

Victoria Harris Victoria Harris