Set a Savings Goal
Determine your target deposit based on property prices in your area. Aim for at least 20% to avoid LMI (Lenders Mortgage Insurance).
Use the First Home Super Saver Scheme
This scheme allows you to save up to $50,000 in voluntary super contributions for your first home, with tax benefits.
Open a High-Interest Savings Account
Compare rates and choose an account with bonus interest for regular deposits.
Cut Unnecessary Expenses
Review subscriptions, dining out, and impulse purchases. Redirect savings toward your deposit.
Explore Grants and Incentives
- First Home Owner Grant
- Stamp Duty Concessions
- Home Guarantee Scheme