Deposit calculator

Last updated 17/02/2023

Your deposit typically needs to be at least 5% of the total value of the home, though you might need to save as much as 10% or 15%, depending on what mortgages are available. Remember, the larger your deposit, the higher your chances of accessing better mortgage deals.

 

What next?

• Explore our range of savings accounts and start saving deposit for your first home.
• Download our free First Home Steps app for a pocket-guide to budgeting, planning, saving, and buying your first place.
• Explore the blogs in our First Time Buyers hub.

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