25/06/2026
Think you need a 20% deposit to buy a home? You might be surprised.
While a 20% deposit can help you avoid Lenders Mortgage Insurance (LMI), it's not the only way to get into the market. Depending on your situation, some buyers can purchase with as little as 5% saved (or less).
The right deposit isn't the same for everyone. It depends on your goals, your borrowing capacity, and whether waiting to save more could actually cost you more in the long run.
We've broken down what you really need to know, including the pros and cons of different deposit sizes, in our latest article.
Read it here: https://borro.com.au/how-much-deposit-do-you-actually-need-to-buy-a-home-in-2026/
Have questions about your own situation? Reach out. We'd be happy to help you understand your options.