Before you even look at a kitchen, you need to look at your bank statements. Lenders are more thorough than ever, often scrutinising the last three to six months of your spending.
The Australian Government 5% Deposit Scheme now has unlimited places and has removed income caps, allowing you to buy with just a 5% deposit while the government guarantees the rest. help buying a home for the first time
Pay down high-interest credit cards or car loans. Lenders calculate your borrowing power based on your total credit limits, even if the balance is zero. Before you even look at a kitchen, you
Ensure there are no errors on your report. A clean history is vital for securing the best interest rates. 2. Master the Deposit (You may not need 20%) Pay down high-interest credit cards or car loans
You can use voluntary super contributions (up to $50,000) to save for your deposit more tax-effectively than a standard savings account. 3. Budget for the "Hidden" Costs
While 20% is the "gold standard" to avoid , several 2026 schemes let you enter much sooner: