• Mark Sinclair

Minimum Deposit To Buy in NSW

Updated: Apr 25

You are looking to buy your first home or apartment in Sydney or NSW.  What is the absolute minimum deposit required?

In order to have the minimum deposit we need to borrow up to 95% of the value of the property.  This requires the payment of a lenders mortgage insurance (LMI) premium.  This premium gets worked into the loan and is paid off over the life of the loan.

A minimum deposit will then vary on the purchase price.  Here are some examples of deposits and the maximum purchase price:


Max. Purchase Price

















These figures are for owner-occupier lending and it is assumed that the buyer qualifies for the NSW government stamp duty concessions for first home buyers.  Note that you will also need sufficient income to service any loan.

​Do you have a deposit saved? Contact us to find out how much you can borrow.

#deposit #homeloans

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