One of the biggest myths in property is:
The reality?
You can often buy with much less
Can You Buy with Less Than 20%?
Yes — in many cases:
✔ 5% deposit (first home buyers) ✔ 10% deposit (common scenario) ✔ 20% deposit (avoids LMI)
It depends on your situation and lender
What Happens If You Have Less Than 20%?
You may need to pay Lenders Mortgage Insurance (LMI)
This protects the lender, not you
But it can allow you to: ✔ Enter the market sooner ✔ Avoid waiting years to save more
Other Costs to Consider
Your deposit isn’t the only cost:
- Stamp duty
- Legal/conveyancing
- Building & pest inspections
- Loan fees
These all need to be factored in
Why Strategy Matters More Than Deposit Size
I’ve seen buyers delay for years trying to hit 20%…
When they could have entered earlier
The key is:
- Structuring your loan properly
- Choosing the right lender
- Understanding your full costs
- Final Thoughts
Final Thoughts
You don’t always need a large deposit to buy property.
But you do need the right strategy
If you’re unsure how much deposit you need:
At Truth Group Pty Ltd, I help you: ✔ Understand your borrowing power ✔ Work out your deposit requirements ✔ Structure your loan correctly ✔ Find the right property (buyer’s agent support)
Finance + property strategy aligned
Message me “DEPOSIT” and I’ll break it down for you
Need help with property or finance?
Whether you're buying a property or looking for the right loan strategy, we can help you move forward with confidence.
Buyers Agent Services Mortgage Broker ServicesNeed clarity on your property or loan options?
Book a free strategy call or submit your details and I’ll review your situation personally.
Book Strategy Call Apply & Get AssessedDiscover more from Truth Group Pty Ltd
Subscribe to get the latest posts sent to your email.