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How to overcome the deposit barrier

Despite the recent housing downturn, property prices are higher in most parts of the country than before the pandemic. As a result, deposit requirements are higher.

Domain compared property prices in the December quarters of 2019 and 2022, and found that buyers needed tens of thousands of dollars more today if they wanted to buy a house and put down a 20% deposit.

The increase in 20% house deposits for our four biggest cities was:

  • Sydney $55,709 increase between 2019 and 2022

  • Melbourne $25,995

  • Brisbane $43,560

  • Perth $25,697

While the deposit barrier is high, it’s not insurmountable.


As an expert mortgage broker, I can potentially help you enter the market with a low-deposit loan. Generally, if your deposit is lower than 20%, you will need to pay lender’s mortgage insurance (which can be added to your loan). While it’s never nice to pay an added fee, it can be money well spent if it lets you buy a property several years ahead of schedule.


General Advice Disclaimer

The information in this article is of a general nature and does not take into account your own financial objectives, circumstances or needs.

You should consider your own personal situation and requirements before making a decision.

If you have concerns or questions, please contact us

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