Understanding deposit options for first-home buyers

A practical overview of deposits, government schemes, lender criteria and the costs buyers should prepare for.

A home deposit is only one part of the funds a buyer may need. Stamp duty, conveyancing, inspections, moving costs and a financial buffer should also be considered.

Some eligible buyers may be able to use government support schemes, but availability, price caps and lender participation can change. Eligibility should be checked against current official requirements.

Preparing documents and understanding borrowing capacity early can make the buying process clearer and reduce avoidable surprises.