Deposit Savings Planner 2026 — How Long to Your First Home Deposit?

How to use this planner

1. Enter the property price you are targeting — suburb pages list current package ranges to ground this number.
2. Set your deposit percentage: 5% if you are eligible for the First Home Guarantee, 10–20% otherwise.
3. Enter what you have saved now, what you can add each month, and the interest rate your savings earn.
4. Read your target, the gap, and the date you reach it. Add the FHOG on top at settlement when you apply through an approved agent.

Frequently asked questions

What deposit do I actually need in 2026?

From 5% under the First Home Guarantee (no LMI) for eligible buyers; otherwise 10–20% is typical, with LMI payable above 80% LVR. Some lenders accept gifted deposits with conditions.

Does the First Home Owner Grant count toward my deposit?

Yes — when applied through an approved agent, the grant is available at settlement and most lenders count it as genuine savings. See our grant guide for amounts and rules.

How much should I allow beyond the deposit?

Budget 2–5% of the purchase price for stamp duty (often reduced for first home buyers), legal and conveyancing ($1,500–$3,000), inspection and valuation fees, plus moving and connection costs.

What interest rate should I assume on savings?

2026 online savings accounts for goal-based savers commonly sit in the 4–5% range before tax; first home super savers can earn more via the FHSSS's concessional tax treatment. Adjust the field to your actual rate.

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