How much should I save for my home deposit?
Use this calculator to see how much you can save up over a period of time, including earned interest, by making regular deposits.
Most people are constrained by their income and living expenses so it's worth seeing how much more you can save by saving for a longer term. At a minimum you should have a deposit of 10% of the purchase price of your home or ideally more than 20%.
Tools to help you budget
If you are a first time buyer, look at the government's First Home Owners Grant. If you are eligible, this can form a significant contribution to your first home.
Make sure your savings plan also takes into account the extra costs associated with buying and moving into your new home.