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Home Deposit Calculator

Work out how long it will take to save your home deposit, and compare different deposit sizes including LMI costs.

Savings Plan
Property price target
$
Deposit % target
%
Current savings
$
Monthly savings contribution
$
Savings interest rate
%
Annual property price growth
%
Deposit Savings Plan
Time to reach deposit
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ScenarioDeposit neededLMI costTime to save

Home Deposit in Australia

Standard requirement: 20% deposit (no LMI). Minimum with LMI: 5% deposit. First Home Guarantee: 5% deposit, no LMI, for eligible buyers (income limits apply).

First Home Super Saver Scheme (FHSSS)

Australians can make voluntary super contributions and withdraw them (plus earnings) for a first home deposit. Up to $15,000/year, maximum $50,000 total, with favourable tax treatment.

Government Grants (2025)

First Home Owner Grant: $10,000 (NSW/VIC), up to $30,000 (QLD), $15,000 (SA), $10,000 (WA), $20,000 (TAS/NT). Eligibility varies by state and property type.