Most banks will not lend you the entire value of a property when you purchase a home. You're usually going to need a deposit of at least 5% of the purchase price, but there are caveats to that.

Calculate your mortgage repayments

Repayment calculation is based on a loan period of 30 years
Settlement Moving House on Settlement Day

Moving House on Settlement Day

Many new home owners would love to be able to move house on settlement day, but while it's possible there can certainly be some hurdles.

Read more

More Home Loan Guides

Best home loans

3.64%Interest rate 3.66%Comparison rate
3.65%Interest rate 3.66%Comparison rate
3.69%Interest rate 3.72%Comparison rate
3.74%Interest rate 3.74%Comparison rate
3.69%Interest rate 4.01%Comparison rate

Featured Rates

More Mortgage News

Expert Advice

Is a ho-hum property investing strategy the winning formula?

Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then... then the property just sits. And waits.

Read more