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How much does a first-time home buyer have to put down?

Buying a house will usually require you to put down a deposit of 10% — 20% of the purchase price upfront.

However, there is the option of acquiring a 100% home loan, which will remove the need to pay a deposit as the loan is funded entirely through monthly repayments.

You can determine what home loan you’re likely to qualify for, and what your monthly repayments will be, using our Bond Calculator. This will help you plan your budget, factoring in the cost of the deposit.

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