{"id":2586,"date":"2025-01-08T15:55:41","date_gmt":"2025-01-08T05:55:41","guid":{"rendered":"https:\/\/anp-au.com\/?p=2586"},"modified":"2025-01-08T15:55:46","modified_gmt":"2025-01-08T05:55:46","slug":"%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95","status":"publish","type":"post","link":"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/","title":{"rendered":"How to save for a down payment on a house? You can refer to this guide from the Australian government"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Buying a home is an exciting and life-changing process, and it all starts with saving for a down payment. Here&#039;s your complete guide to saving for a deposit and buying a home to help you achieve your homeownership dreams faster.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents Overview<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#1_%E7%A2%BA%E5%AE%9A%E9%9C%80%E8%A6%81%E5%A4%9A%E5%B0%91%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE\" >1. Determine how much down deposit you need<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E8%A8%88%E7%AE%97%E5%85%AC%E5%BC%8F\" >Calculation formula<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E7%82%BA%E4%BD%95%E6%9B%B4%E5%A4%A7%E7%9A%84%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE%E5%8F%AF%E4%BB%A5%E7%AF%80%E7%9C%81%E6%9B%B4%E5%A4%9A%EF%BC%9F\" >Why a larger down deposit can save more?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E8%B2%B8%E6%AC%BE%E8%88%87%E5%83%B9%E5%80%BC%E6%AF%94%E7%8E%87%EF%BC%88LVR%EF%BC%89\" >Loan-to-Value Ratio (LVR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E8%B2%B8%E6%96%B9%E6%8A%B5%E6%8A%BC%E4%BF%9D%E9%9A%AA%EF%BC%88LMI%EF%BC%89\" >Lenders Mortgage Insurance (LMI)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#2_%E7%8D%B2%E5%BE%97%E8%B3%BC%E6%88%BF%E8%B3%87%E5%8A%A9\" >2. Get housing assistance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E9%A6%96%E6%AC%A1%E7%BD%AE%E6%A5%AD%E8%80%85%E6%B4%A5%E8%B2%BC%EF%BC%88First_Home_Owner_Grant%EF%BC%89\" >First Home Owner Grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E9%A6%96%E6%AC%A1%E7%BD%AE%E6%A5%AD%E8%80%85%E8%B6%85%E7%B4%9A%E5%84%B2%E8%93%84%E8%A8%88%E5%8A%83%EF%BC%88FHSSS%EF%BC%89\" >First Home Buyer Super Saver Scheme (FHSSS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E4%BD%8F%E6%88%BF%E4%BF%9D%E8%AD%89%E8%A8%88%E5%8A%83%EF%BC%88Home_Guarantee_Scheme%EF%BC%89\" >Home Guarantee Scheme<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#3_%E9%96%8B%E5%A7%8B%E5%84%B2%E8%93%84%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE\" >3. Start saving for a down deposit<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E5%88%B6%E5%AE%9A%E5%84%B2%E8%93%84%E8%A8%88%E5%8A%83\" >Create a savings plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E5%88%B6%E5%AE%9A%E9%A0%90%E7%AE%97\" >Create a budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E8%87%AA%E5%8B%95%E5%8C%96%E5%84%B2%E8%93%84\" >Automated savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E8%80%83%E6%85%AE%E6%8A%95%E8%B3%87\" >Consider investing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/anp-au.com\/en\/%e5%a6%82%e4%bd%95%e5%84%b2%e8%93%84%e8%b2%b7%e6%88%bf%e9%a6%96%e6%9c%9f%e5%ad%98%e6%ac%be%ef%bc%9f%e5%8f%af%e5%8f%83%e8%80%83%e6%be%b3%e6%b4%b2%e6%94%bf%e5%ba%9c%e9%80%99%e5%80%8b%e6%8c%87%e5%bc%95\/#%E5%B7%A5%E5%85%B7%E6%8E%A8%E8%96%A6\" >Tool Recommendations<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_%E7%A2%BA%E5%AE%9A%E9%9C%80%E8%A6%81%E5%A4%9A%E5%B0%91%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE\"><\/span><strong>1. Determine how much down deposit you need<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Before you start saving, calculate how much you can afford to borrow. Don&#039;t forget to factor in other costs associated with buying a home, such as stamp duty and conveyancing fees.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%A8%88%E7%AE%97%E5%85%AC%E5%BC%8F\"><\/span><strong>Calculation formula<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Property prices<\/li>\n\n\n\n<li>Plus relevant fees and charges<\/li>\n\n\n\n<li>Subtract the loan amount you can afford<\/li>\n\n\n\n<li>Equal to the down payment required<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%82%BA%E4%BD%95%E6%9B%B4%E5%A4%A7%E7%9A%84%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE%E5%8F%AF%E4%BB%A5%E7%AF%80%E7%9C%81%E6%9B%B4%E5%A4%9A%EF%BC%9F\"><\/span><strong>Why a larger down deposit can save more?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Savings goal suggestions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Property Value 20%<\/strong> As a down payment<\/li>\n\n\n\n<li><strong>Plus housing purchase related expenses<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Some lenders may accept a down deposit of 5%, but the smaller the deposit, the higher the loan amount and you may need to pay lender\u2019s mortgage insurance (LMI).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The larger the down payment, the smaller the loan amount, saving interest expenses<\/strong><\/li>\n\n\n\n<li><strong>Demonstrate good savings ability to improve your chances of loan approval<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B2%B8%E6%AC%BE%E8%88%87%E5%83%B9%E5%80%BC%E6%AF%94%E7%8E%87%EF%BC%88LVR%EF%BC%89\"><\/span><strong>Loan-to-Value Ratio (LVR)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The LVR is the loan amount divided by the property value. For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If you buy a house worth A$600,000, the loan amount is A$450,000 and the LVR is 75%.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The lower the LVR, the more likely you are to be exempt from LMI and the easier it is to get a loan approved.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B2%B8%E6%96%B9%E6%8A%B5%E6%8A%BC%E4%BF%9D%E9%9A%AA%EF%BC%88LMI%EF%BC%89\"><\/span><strong>Lenders Mortgage Insurance (LMI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">When the LVR exceeds 80%, LMI is usually required to be paid. This is to provide protection for the lender, not the borrower.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The average LMI charge is $6,200, but can increase with high LVRs.<\/strong><\/li>\n\n\n\n<li>You can choose to pay it as a lump sum or add it to your loan, but adding it to your loan will incur additional interest.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>More information<\/strong>: Available <a href=\"https:\/\/www.insurancecouncil.com.au\" target=\"_blank\" rel=\"noopener\">Insurance Council of Australia website<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_%E7%8D%B2%E5%BE%97%E8%B3%BC%E6%88%BF%E8%B3%87%E5%8A%A9\"><\/span><strong>2. Get housing assistance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A6%96%E6%AC%A1%E7%BD%AE%E6%A5%AD%E8%80%85%E6%B4%A5%E8%B2%BC%EF%BC%88First_Home_Owner_Grant%EF%BC%89\"><\/span><strong>First Home Owner Grant<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">First-time homebuyers or those building a new home can apply, with specific rules varying by state or territory:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Help with mortgage payments<\/li>\n\n\n\n<li>Reduction of land transfer tax (stamp duty)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Query details<\/strong>:access <a href=\"https:\/\/www.firsthome.gov.au\" target=\"_blank\" rel=\"noopener\">First Home Owner Grant official website<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%A6%96%E6%AC%A1%E7%BD%AE%E6%A5%AD%E8%80%85%E8%B6%85%E7%B4%9A%E5%84%B2%E8%93%84%E8%A8%88%E5%8A%83%EF%BC%88FHSSS%EF%BC%89\"><\/span><strong>First Home Buyer Super Saver Scheme (FHSSS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Let first-home buyers save for a deposit through the Super Saver Scheme:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum withdrawal of AUD 15,000 per financial year<\/li>\n\n\n\n<li>All annual withdrawals of up to AUD 50,000 of personal contributions and their earnings<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details<\/strong>: Check <a href=\"https:\/\/www.ato.gov.au\" target=\"_blank\" rel=\"noopener\">Australian Taxation Office website<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BD%8F%E6%88%BF%E4%BF%9D%E8%AD%89%E8%A8%88%E5%8A%83%EF%BC%88Home_Guarantee_Scheme%EF%BC%89\"><\/span><strong>Home Guarantee Scheme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The scheme allows eligible first-home buyers to purchase a property with a deposit as low as \u00a35% and without having to pay LMI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details<\/strong>:access <a href=\"https:\/\/www.nhfic.gov.au\" target=\"_blank\" rel=\"noopener\">NHFIC website<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_%E9%96%8B%E5%A7%8B%E5%84%B2%E8%93%84%E9%A6%96%E6%9C%9F%E5%AD%98%E6%AC%BE\"><\/span><strong>3. Start saving for a down deposit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%88%B6%E5%AE%9A%E5%84%B2%E8%93%84%E8%A8%88%E5%8A%83\"><\/span><strong>Create a savings plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">After calculating the price of your home, work with your partner to create a savings plan that includes savings goals and a timeline.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%88%B6%E5%AE%9A%E9%A0%90%E7%AE%97\"><\/span><strong>Create a budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Determine your income and expenses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Monthly income and expenses<\/li>\n\n\n\n<li>Amount that can be saved regularly<\/li>\n\n\n\n<li>Costs that can be cut<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Check <a href=\"#\">Tips for saving money<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%87%AA%E5%8B%95%E5%8C%96%E5%84%B2%E8%93%84\"><\/span><strong>Automated savings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Make saving a \u201cno-brainer\u201d by transferring part of your paycheck directly into a savings account, or set up automatic transfers.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%80%83%E6%85%AE%E6%8A%95%E8%B3%87\"><\/span><strong>Consider investing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#039;re planning to buy a home in a few years, consider investing. If you&#039;re comfortable with the risk, stocks or managed funds may help you grow your savings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more investment options, refer to <a href=\"#\">Choose your investment<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%A5%E5%85%B7%E6%8E%A8%E8%96%A6\"><\/span>Tool Recommendations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mortgage Calculator<\/strong>: Understand your repayment ability<\/li>\n\n\n\n<li><strong>Savings Goal Calculator<\/strong>: Helps you set and achieve savings goals<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Saving for a home purchase takes time, but with a plan and perseverance, you can achieve your dream faster!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>\u8cfc\u8cb7\u623f\u5c4b\u662f\u4e00\u500b\u4ee4\u4eba\u8208\u596e\u4e14\u6539\u8b8a\u751f\u6d3b\u7684\u904e\u7a0b\uff0c\u800c\u4e00\u5207\u90fd\u5f9e\u5132\u84c4\u9996\u671f\u5b58\u6b3e\u958b\u59cb\u3002\u4ee5\u4e0b\u662f\u5132\u84c4\u5b58\u6b3e\u548c\u8cfc\u623f\u7684\u5b8c\u6574\u6307\u5357\uff0c\u5e6b\u52a9\u60a8\u66f4\u5feb [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[],"tags":[],"class_list":["post-2586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/comments?post=2586"}],"version-history":[{"count":1,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2586\/revisions"}],"predecessor-version":[{"id":2588,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/posts\/2586\/revisions\/2588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media\/2587"}],"wp:attachment":[{"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/media?parent=2586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/categories?post=2586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anp-au.com\/en\/wp-json\/wp\/v2\/tags?post=2586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}