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What's the Minimum Deposit to Buy Your First Home?

We're often asked, "What’s the minimum deposit needed to get into your first home?" Right now, banks typically require a minimum deposit of 5%.

If you're buying a property in Queensland for under $700,000, there are some great benefits available! You could potentially save on stamp duty, avoid paying mortgage insurance, and if it’s a brand new property, you may even be eligible for the First Homeowners Grant, which is currently $30,000!

These savings can be a huge help when getting into your first home, but remember, if the property exceeds $700,000, you'll need to cover those extra costs.

Find out more about these savings and how they could help you become a homeowner sooner!

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