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Deposit Options

We aim to help you explore the different deposit options available so you can get your dream home sooner.

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There’s no one size fits all when it comes to home loan deposits.

Traditionally, banks required borrowers to contribute a 20 per cent deposit; however, today lending criteria is changing for the better. You can enter into the property market much sooner than the time required to save a deposit. Or you can retain some savings that can be put towards items such as renovations or investing.

We explore the different deposit options that may be worth considering or exploring further below.

Low deposit home loan

A low deposit home loan allows you to purchase a property with a 5-10 per cent deposit and borrow the rest.

Lenders impose two additional requirements with low deposit home loans; they require the borrower to show evidence of 5 per cent ‘genuine savings’ and to purchase Lenders Mortgage Insurance (LMI).

Although they impose some additional requirements, low deposit home loans have some key advantages, which include the following:

  • You can enter the property market sooner
  • Additional funds left over for personal use

Guarantor and other deposit options

A Guarantor Loan allows you to borrow up to 105 per cent of the purchase price to include purchasing costs such as stamp duty, legal fees and bank fees.

A guarantor could be a parent or close family member offering up some of the equity in their property to guarantee your deposit.

The guarantor does not physically hand over the deposit to you; the lender will register a mortgage against the guarantor’s property or asset for the deposit. This can be up to 25 per cent of the purchase price of your property.

If your guarantor does not have an existing property or sufficient equity but they have some savings, they can provide you with a non-refundable gift that can go towards your deposit.

First home buyer government incentives

First Home Buyers have access to various government incentives such as Stamp Duty Exemptions and Concessions, First Home Owner Grants, First Home Loan Deposit Scheme and First Home Loan Super Saver Scheme, which can go towards the required deposit.

Please see below relevant state SRO websites to find your specific incentives.


We will help you to determine what deposit option will best suit your current needs and situation.


We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.


Let us help make your first home dreams a reality for now and into the future. Our end-to-end financial solutions can support you throughout any stage of your life journey.

Let us help you secure your first home.

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