What property prices can first home buyers afford with a
$100,000 deposit around Australia?
Quickstart makes your deposit work harder and bolsters the property price you can afford by up to $108,000 compared to other
5% deposit home loans.
5% deposit home loans.
| $100K AS A 20% DEPOSIT |
$100K AS A 5% DEPOSIT |
$100K AS A 5% DEPOSIT WITH QUICKSTART |
MEDIAN PROPERTY PRICE |
|
|---|---|---|---|---|
| Sydney | $480,000 | $780,000 | $870,000 | $895,933 |
| Melbourne | $480,000 | $710,000 | $740,000 | $717,767 |
| Brisbane | $480,000 | $780,000 | $880,000 | $535,618 |
| Perth | $455,000 | $710,000 | $815,000 | $491,795 |
| Adelaide | $390,000 | $650,000 | $720,000 | $478,587 |
| Hobart | $410,000 | $725,000 | $833,000 | $535,994 |
| Canberra | $440,000 | $800,000 | $890,000 | $706,454 |
| Darwin | $400,000 | $675,000 | $760,000 | $438,645 |
First home buyer scenario
Emily and Robert are from Sydney. They’ve saved $100,000 for their first home, including $20,000 that Emily’s
parents gifted to them last month. They thought this would be
ample, so they were devastated to learn that as a 20% deposit, their money could only stretch to a $480,000 home.
Upon further research, Emily and Robert discovered they could make their money go further with a home loan that accepted 5% deposits, thus increasing their buying power to $780,000. Alas, Emily has since fallen in love with a two-bedroom apartment only 15 minutes from the CBD for $870,000. Further, they have been advised by their bank that the $20,000 Emily’s parents gifted them needs to be in their bank account for at least three months before they can use it for a deposit.
The couple was delighted to discover Quickstart, which bolsters the property price they can afford to $870,000, and accepts “non-genuine savings” within the deposit.
As Emily and Robert are both employed full-time, careful with their money and have excellent credit histories, homeloans.com.au was happy to approve their loan.
ample, so they were devastated to learn that as a 20% deposit, their money could only stretch to a $480,000 home.
Upon further research, Emily and Robert discovered they could make their money go further with a home loan that accepted 5% deposits, thus increasing their buying power to $780,000. Alas, Emily has since fallen in love with a two-bedroom apartment only 15 minutes from the CBD for $870,000. Further, they have been advised by their bank that the $20,000 Emily’s parents gifted them needs to be in their bank account for at least three months before they can use it for a deposit.
The couple was delighted to discover Quickstart, which bolsters the property price they can afford to $870,000, and accepts “non-genuine savings” within the deposit.
As Emily and Robert are both employed full-time, careful with their money and have excellent credit histories, homeloans.com.au was happy to approve their loan.
Low Rate Home Loan
| Owner Occupied | Investment | |||||||
|---|---|---|---|---|---|---|---|---|
| Principal & Interest | Interest Only | Principal & Interest | Interest Only | |||||
| Under 60% LVR | 2.14 % p.a. Interest rate | 2.16 % p.a. Comparison rate | 2.44 % p.a. Interest rate | 2.27 % p.a. Comparison rate | 2.29 % p.a. Interest rate | 2.31 % p.a. Comparison rate | 2.59 % p.a. Interest rate | 2.42 % p.a. Comparison rate |
| 60-80% LVR | 2.24 % p.a. Interest rate | 2.26 % p.a. Comparison rate | 2.54 % p.a. Interest rate | 2.37 % p.a. Comparison rate | 2.39 % p.a. Interest rate | 2.41 % p.a. Comparison rate | 2.69 % p.a. Interest rate | 2.52 % p.a. Comparison rate |
| 80-90% LVR | 2.59 % p.a. Interest rate | 2.61 % p.a. Comparison rate | N/A | N/A | 2.74 % p.a. Interest rate | 2.76 % p.a. Comparison rate | 2.89 % p.a. Interest rate | 2.81 % p.a. Comparison rate |
| 90-95% LVR | 2.79 % p.a. Interest rate | 2.81 % p.a. Comparison rate | N/A | N/A | 2.94 % p.a. Interest rate | 2.96 % p.a. Comparison rate | N/A | N/A |
-
Owner Occupied
-
Investment
| Under 60% LVR | |||
|---|---|---|---|
| Principal & Interest | Interest Only | ||
| 2.14 % p.a. Interest rate | 2.44 % p.a. Interest rate | ||
| 2.16 % p.a. Comparison Rate | 2.27 % p.a. Comparison Rate | ||
| 60-80% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.24 % p.a. Interest rate | 2.54 % p.a. Interest rate | ||
| 2.26 % p.a. Comparison Rate | 2.37 % p.a. Comparison Rate | ||
| 80-90% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.59 % p.a. Interest rate | N/A | ||
| 2.61 % p.a. Comparison Rate | N/A | ||
| 90-95% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.79 % p.a. Interest rate | N/A | ||
| 2.81 % p.a. Comparison Rate | N/A | ||
| Under 60% LVR | |||
|---|---|---|---|
| Principal & Interest | Interest Only | ||
| 2.29 % p.a. Interest rate | 2.59 % p.a. Interest rate | ||
| 2.31 % p.a. Comparison Rate | 2.42 % p.a. Comparison Rate | ||
| 60-80% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.39 % p.a. Interest rate | 2.69 % p.a. Interest rate | ||
| 2.41 % p.a. Comparison Rate | 2.52 % p.a. Comparison Rate | ||
| 80-90% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.74 % p.a. Interest rate | 2.89 % p.a. Interest rate | ||
| 2.76 % p.a. Comparison Rate | 2.81 % p.a. Comparison Rate | ||
| 90-95% LVR | |||
| Principal & Interest | Interest Only | ||
| 2.94 % p.a. Interest rate | N/A | ||
| 2.96 % p.a. Comparison Rate | N/A | ||
Quickstart Home Loan
| Owner Occupied | Investment | |||||||
|---|---|---|---|---|---|---|---|---|
| Principal & Interest | Interest Only | Principal & Interest | Interest Only | |||||
| 90-95% LVR | 3.59 % p.a. Interest rate | 3.61 % p.a. Comparison rate | N/A | N/A | N/A | N/A | N/A | N/A |
-
Owner Occupied
-
Investment
| 90-95% LVR | |||
|---|---|---|---|
| Principal & Interest | Interest Only | ||
| 3.59 % p.a. Interest rate | N/A | ||
| 3.61 % p.a. Comparison Rate | N/A | ||
| 90-95% LVR | |||
|---|---|---|---|
| Principal & Interest | Interest Only | ||
| N/A | N/A | ||
| N/A | N/A | ||
Smart, flexible and cost-effective loans
Owner occupied
Investment
-
Owner Occupied
-
Investment
Smart, flexible and cost-effective loans
At homeloans.com.au we know that our savvy customers want flexibility, so all our loans come fully featured with an offset
account and the ability to make additional repayments and redraw.
Plus, as the name suggests, our low rate home loan offers sharp rates with no monthly or annual fees.
If you're seeking a smarter, flexible and cost-effective solution, you've found the place.
account and the ability to make additional repayments and redraw.
Plus, as the name suggests, our low rate home loan offers sharp rates with no monthly or annual fees.
If you're seeking a smarter, flexible and cost-effective solution, you've found the place.
Owner Occupied
From
2.14
%
PA
Variable Rate
2.16
%
PA
Comparison Rate
Investment
From
2.29
%
PA
Variable Rate
2.31
%
PA
Comparison Rate
Rates shown apply up to 60% LVR with Principal & Interest repayments. See all rates here. Further information below.
Refinance to
homeloans.com.au
Feel like you've been taken advantage of by your current lender? Or just want a better deal? Congratulations, you've found the right place. We're not a bank, but the place where knowledgeable homeowners find a better deal and a better experience. Join the party - it's quick and easy!
Principal & Interest
From
2.14
%
PA
Variable Rate
2.16
%
PA
Comparison Rate
Interest Only
From
2.44
%
PA
Variable Rate
2.27
%
PA
Comparison Rate
Rates shown apply to Low Rate Home Loan Owner Occupier loans of up to 60% LVR. See our Investment loans here. See all rates here.
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Why our customers
love us
-
Homeloans has been awesome
Really helpful, no nonsense, got a refinance and a home loan pretty seamlessly. The upload process takes care of a lot of the work, and you just need a couple of calls and emails. The interest rate is the best around for owner-occupier. Highly recommend.
Erik LEfficient and streamlined process
Great experience and customer service, from the initial conversation to finalising the refinance loan. Communication was very clear, and the online process was simple and seamless. The team was professional, helpful and super efficient!
Mel IExcellent Service and Support
Friendly and professional service, loved every minute of my dealings with the team. From the beginning to end this was an enjoyable experience with a great rate. Will be back with any future home loan requirements.
Brad
Reviews sourced from productreview.com.au. See all reviews here
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$0
Application
$0
Valuation †
$0
Annual
$300
plus legal
+ legal
Discharge
Risk fee applies - speak to one of our Lending Specialists
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in as little as 20 minutes. Get started
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