Home Loans
Personal Loans
Car Loans
Business Loans
Credit Cards
Banking
Health Insurance
Home Loans
Personal Loans
Car Loans
Business Loans
Credit Cards
Banking
Health Insurance
How long will it take you to save your deposit for your first home?
Up to
5.15%
p.a. for 4 months, then up to 3.70% p.a. variable
Rabobank High Interest Savings Account
Earn a bonus variable rate for the first 4 months on balances up to $250,000, with a high ongoing rate thereafter. No account keeping fees or min balance, with interest paid monthly. Intro rate for new customers only.
Up to
5.00%
p.a. variable when monthly criteria are met
IMB Bank Reward Saver Kickstart Account
Young savers can earn a great ongoing rate on balances up to $100k. Deposit $20 per month and make no withdrawals to qualify. No fees, easy online application. Plus, new account holders by 16 Sep 2025 can score a bonus $50! See website for T&Cs
Bonus $50
Ends 16/9
Up to
5.00%
p.a. variable with bonus interest on balances up to $100k
ING Savings Maximiser
Earn bonus interest when you also hold an Orange Everyday and each month meet the eligibility criteria and grow your nominated Savings Maximiser Balance (excluding interest). Available on one account.
Up to
4.60%
p.a. for 4 months, then ongoing 4.25% p.a. variable
Macquarie Savings Account
Earn interest without needing to meet any monthly criteria. Get a bonus variable welcome rate for 4 months up to $250k on your first account, with a great variable ongoing rate on balances up to $1m thereafter.
Up to
4.55%
p.a. variable with bonus interest, or 0.15% p.a. standard variable rate
Suncorp Bank Growth Saver Account
Earn bonus interest with no maximum balance or account keeping fees when you grow your savings by $200 or more each month (excluding interest) and make no more than one withdrawal.
You’ll need to enter the following details about the property you’re buying and your savings profile.
How much is the property worth?
How much are you looking to save for a house deposit? For example, 5%, 10% or 20%?
What is your income? You can choose from weekly, monthly or annually.
How much savings do you have for a deposit?
The interest rate if your savings is earning interest, such as with a term deposit or high-interest savings account.
What percentage of your income, or what dollar amount, can you save each month?
Once you’ve entered these details, our mortgage deposit calculator will provide an estimate of the house deposit required. It’ll also show you the estimated stamp duty and other costs, minus your current savings. Our calculator will then show you how long it'll take to save for a house deposit based on your savings goal.
If you’re on this page, chances are you’ve been browsing the real estate market and have a property or two in mind. To calculate your house deposit, simply divide your savings (deposit amount) by the house value.
You generally need a deposit of 20% of the property’s value to avoid paying lender’s mortgage insurance (LMI). LMI is a one-time insurance premium that protects the lender if your deposit is less than 20% and you can’t repay the loan. However, you may have other options.
You might be able to buy with a smaller deposit in certain situations. For example, first home buyers can use government incentives like the First Home Owner Grant to help front a deposit. First-time buyers can also use a guarantor, like a family member, who agrees to use their property as security to assist with getting a home loan.
While 20% is a target for many homebuyers, there are schemes that can help you buy a house with a deposit as low as 5%. In addition to saving for a deposit, you’ll also need to think about other upfront costs, such as stamp duty, legal fees, and moving expenses.
How much deposit you need will come down to how much you plan to borrow to buy a home.
 | BOQ Fixed Rate Home Loan - $2k CashbackInterest rate 4.89%per annum (fixed 2 years) Comparison rate 5.62%per annum Split Loan Cashback Max LVR 80% Repayments from $2,651Fixed paying Principal & Interest | Compare now on Money.com.au or visit site |
 | The Mutual Bank Package Home Loan FixedInterest rate 4.94%per annum (fixed 3 years) Comparison rate 6.41%per annum Redraw Offset Split Loan Max LVR 95% Repayments from $2,666Fixed paying Principal & Interest | Compare now on Money.com.au or visit site |
| The Mutual Bank Package Home Loan FixedInterest rate 4.94%per annum (fixed 2 years) Comparison rate 6.54%per annum Redraw Offset Split Loan Max LVR 95% Repayments from $2,666Fixed paying Principal & Interest | Compare now on Money.com.au or visit site |
 | Greater Bank Ultimate Home Loan - Up to $3k CashbackInterest rate 4.94%per annum (fixed 3 years) Comparison rate 6.88%per annum Redraw Offset Cashback Max LVR 95% Repayments from $2,666Fixed paying Principal & Interest | Compare now on Money.com.au or visit site |
| Greater Bank Ultimate Home Loan - Up to $3k CashbackInterest rate 4.94%per annum (fixed 2 years) Comparison rate 7.07%per annum Redraw Offset Cashback Max LVR 95% Repayments from $2,666Fixed paying Principal & Interest | Compare now on Money.com.au or visit site |
Home loan comparison rates are calculated based on a loan amount of $150,000 repaid over a 25-year term with monthly repayments. The comparison rates only apply to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Check with the provider for full loan details, including rates, fees, eligibility and terms and conditions to make sure the product is right for you.
General information only
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any home loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular home loan. You should read the relevant disclosure statements or other offer documents before deciding whether to apply for or continue to use a particular product.
What products, features and information are shown
While we make every effort to ensure all home loans available in Australia are shown in our comparison tables, we do not guarantee that all products are included.
Our product comparisons may not compare all home loan features and attributes relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Before acting on any information, you should confirm the relevant product information with the lender.
How home loans are sorted and filtered by default
Users can easily change the sort order and apply product filters to our product comparison tables. However, when you arrive on a page initially, by default home loans are sorted by:
Some home loan products listed in our tables are available through a mortgage broker. These are the products with an option to ‘Check Eligibility on Money.com.au’. Mortgage brokers may not be able to offer loans from every provider and there may be more suitable loans for your personal circumstances.
Mortgage brokers are not authorised by Money Australian Credit Licence and operate under their own Australian Credit Licence, or as a credit representative of another Australian Credit Licensee. Mortgage brokers can make recommendations about home loan products that may suit your objectives, financial situation and needs.
Our tables feature all home loans available from lenders on our database that match the search criteria selected. Lenders do not pay to feature in our tables, nor do we earn commission if you click to visit a lender’s website. The order of the products in the table is not influenced by any commercial arrangements.
If you get help from a mortgage broker as a result of visiting this page, we may earn a commission.
