Can you really buy a home with minimal savings?

Imagine buying a $660,000 home…

Typically, banks would require you to have $60,000 upfront once you include:

• A 5% deposit
• Lender’s Mortgage Insurance (LMI)
• Stamp duty
• Legal and upfront costs

But through the right structure, many of our clients are buying homes with far less.

How we help you buy with minimal savings

We help bring that upfront cost down substantially by combining three powerful support options:

• 1. Home Guarantee Scheme — Our preferred mortgage brokers can connect you with lenders who participate in the government’s First Home Guarantee. This means: You only need a 5% deposit and avoid paying LMI, saving thousands.

• 2. First Home Owners Grant (FHOG) — If you're buying or building a brand-new home, you may be eligible for the First Home Owners Grant. Most banks expect you to apply for this later, however, we can help you to use it upfront, towards your home deposit.

• 3. $10,000 Deposit Boost — To top it off, when building with us you can take advantage of our $10,000 Deposit Boost. This is a gift, not a loan — rebated from our commision with builders. It helps to further reduce the savings you need to buy a home.

Why buy now, rather than wait

We get it — waiting until you’ve saved a bigger deposit might feel like the safer option. But here’s what many renters don’t realise:

• Property prices are rising — In most cities, prices are steadily increasing year after year. That $660K home today might cost $700K or more in a year or two. The longer you wait, the further the goalpost moves.

• You're paying rent anyway — Rent money doesn’t build wealth. Every year you stay renting, you’re potentially spending $30,000–$40,000 with nothing to show for it long-term.

• You’re missing out on equity growth — Owning a home means building equity as the property grows in value. Even modest growth (say 5% per year) on a $660K property is over $30K in potential equity — in just 12 months.

• You may not need to save more — With low deposit options available now, why wait to save more if it’s not necessary? By acting sooner, you can lock in today’s prices and start building wealth instead of chasing it.

The bottom line? Waiting often costs more than starting now.

Questions we get often

• What if I have a guarantor? — That’s great news! A guarantor (usually a parent) can help you buy a home with no savings at all — and still avoid LMI.

• Will I be stuck with high interest rates? — Not at all. Our brokers work with well-known lenders, giving you access to standard loan products with competitive rates.

• Can I buy an existing home? — The First Home Owners Grant only applies to new builds or substantially renovated properties. You can buy an established home, but it may require more savings upfront depending on the property price and your circumstances.

Check your deposit

Not sure how much you need saved based on your income and buying location? Use our free low deposit checker — it’s quick and easy!

Try free Deposit Checker

Ready to own?

Our service is all about helping everyday Aussies take that first step toward owning a home. If you’re ready to stop renting and start building your future, we can help you explore your low deposit options — even if you’re starting with minimal savings.