This is a tough question to address without an understanding of your circumstances, For a first home a deposit of anywhere between 5% and 20% will be required, with the lower rate predicated upon Government assistance or grants.

Generally speaking, a deposit of 20% of the value of the property will save you from incurring additional fees such as Lenders Mortgage Insurance.

Some lenders will let you borrow up to 95% of the purchase price and then permit you borrow the cost of the Lenders Mortgage Insurance on top of that.

If you don’t have a deposit, you may borrow up to 100% of the property’s purchase price, in two ways:

• Family Pledge. The Pledge allows a family member offers their property as security for you to purchase your property.
• 100% House and Land packages. In some cases you may be able to borrow up to 100% of the price of the brand new home and land.