Deposit & savings goal

How much you need to save to buy, and how long it'll take to get there.

Deposit target
First home buyer? (live-in)

Deposit (20%)

$140,000

Stamp duty

$24,713

Upfront cash needed

$166,570

Deposit + stamp duty + government fees

Still to save

$116,570

Time to reach it

4 years, 11 months

Estimate only. Upfront cash covers your deposit plus Victorian stamp duty and government fees (2024–25); it excludes conveyancing, inspections and other buying costs. LMI is indicative and may be reduced or waived (e.g. the Home Guarantee Scheme). Not financial advice — talk to us for a plan tailored to you.

About this calculator

The deposit is only part of what you need to buy. On top of it you'll need stamp duty and government fees — and if your deposit is under 20%, Lenders Mortgage Insurance (usually added to your loan). Knowing the full upfront figure is the difference between a goal you can plan for and a nasty surprise.

Enter your target price, what you've saved, and what you put away each month. We'll estimate the deposit and upfront cash you need (with Victorian stamp duty and any first-home concession), how far off you are, and roughly how long it'll take to get there.

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How it's calculated

  • Your deposit is the target percentage of the property price you choose (20%, 10% or 5%).
  • We add Victorian stamp duty (with the first-home-buyer concession if eligible) and approximate government fees to work out the total upfront cash you need.
  • We subtract your current savings to find the shortfall, then divide by your monthly saving to estimate how long it'll take. Under a 20% deposit we also show indicative LMI, which is usually added to the loan rather than paid upfront.

Frequently asked questions

Other calculators

Home loan repaymentsWork out your repayments — weekly, fortnightly or monthly — and see the total interest over the life of the loan.Extra repaymentsSee how much interest you could save — and how many years you could cut off your loan — by paying a little extra each repayment.How much can I borrow?Get an indicative estimate of your borrowing power based on your income, expenses and existing commitments.Property fees & stamp dutyEstimate the upfront costs of buying — including Victorian stamp duty, government fees and any first-home concessions.LMI estimatorEstimate Lenders Mortgage Insurance if your deposit is under 20% — and see how much deposit you'd need to avoid it.Refinance savingsCompare your current loan to a new rate — see your monthly saving and how long it takes to break even on switching costs.Offset vs extra repaymentsCompare two ways to use spare cash on your loan — an offset account or extra repayments — and see the interest and time each could save.

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