How to save for a home loan deposit

Ideally, you should save as much as possible before buying a home. The more you save for a home loan deposit, the smaller your loan and the higher your chances of getting approved for a home loan.

Make sure your deposit savings plan also takes into account the extra costs associated with buying and moving into your new home. This can include stamp duty, conveyancing and other government and upfront costs.

Frequently asked questions

To apply for a new home loan or Investor loan, you can request a call online or give us a call on 13 62 27 to speak with a home loan specialist (Monday to Friday, 8am-6pm Sydney time).
The Low Deposit Fee (LDF) is a one-off amount payable by you, in connection with the low deposit being paid by you and/or the low amount of equity you have in your security property. The LDF helps us to recover some of the potential losses that we may encounter if you're unable to repay your home loan.

See the Low Deposit Fee Fact Sheet for further information.

New clients

Monday to Friday 8am – 6pm (Sydney time)

13 62 27

Existing clients

Monday to Friday 8am – 6pm (Sydney time)

1800 007 722

Help and support

Visit our online Help Centre.

Additional information

This information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.

The information in this calculator is by way of example only and is not a prediction or professional financial advice. Calculations are not forecasts, but may assist you in making your own projections. Subject to law, Macquarie will not be liable for any loss or damage caused by your use of the calculator. The information in the calculator does not constitute an offer to lend or imply the product is suitable for you.