Home Deposit Calculator
Calculate the deposit you need for an Australian property purchase and how long your current savings plan will realistically take to get you there.
Deposit target$150,000.00
Still need to save$130,000.00
Time to goal7 yr 3 mo
How this calculator works
Work out how long it will take to save a 10% or 20% home deposit on an Australian property price, based on your current savings and monthly contributions.
Frequently asked questions
Do I need a 20% deposit?
Not always, but under 20% usually means lenders mortgage insurance unless you qualify for a government guarantee scheme.
Are stamp duty and fees included?
No. Budget separately for stamp duty, conveyancing, building inspections and moving costs.
What about the First Home Owner Grant?
Grants and concessions vary by state and are not modelled here.
Results are estimates only and are not financial, tax, legal or credit advice.
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