How Much Deposit Do You Need for a First Home Buyer Loan in Australia?

Saving for a home deposit is one of the biggest hurdles for first-time buyers. Most lenders require at least a 5% deposit, but did you know you may be able to buy with just a 2% deposit under the First Home Guarantee Scheme? In this blog, we’ll explain how much deposit you need, whether Lenders Mortgage Insurance (LMI) applies, and strategies to save faster.