Getting ready to apply

Savings tips

Building your deposit faster is one of the most impactful things you can do. Here are proven strategies to accelerate your savings.

Calculate your target deposit (typically 5–20% of purchase price) plus costs (stamp duty, legal fees, inspections). Use our stamp duty calculator.

Keep your deposit savings separate from everyday spending. High-interest savings accounts or offset accounts can boost returns.

Contribute extra to your super and withdraw up to $50,000 for a home deposit. Contributions are taxed at just 15%, saving you thousands.

Track your spending for 30 days. Small daily savings (coffee, subscriptions, dining) compound significantly over 12–24 months.

A family member can use their property equity as security, allowing you to borrow with a smaller deposit and avoid LMI.

First Home Owner Grants (FHOG) and stamp duty concessions can add $10,000–$30,000+ to your effective deposit.

WeBroke's expert brokers are here to guide you through every stage of the process — from preparation to settlement.