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First home buyer calculator

Know the true cost of getting the keys.

See the deposit, duty, buying costs, cash buffer and repayments together—so you know what your savings really need to cover.

Check your position First Home Buyer Kit — $19

Your first homeStart with clear numbers.Melbourne · Geelong

Your buying scenario

First home buyer calculator

Current Victorian settings are used as an estimate. Eligibility must be confirmed.

Property and savings

Purchase price$Savings available$Total cash available before buyingCash buffer to retain$Kept aside after settlementProperty typeExpect to qualify for VIC first-home duty relief?Include expected $10,000 FHOG?Qualifying new homes valued up to $750,000 only

Loan and monthly comfort

Interest rate%Loan termyearsMonthly after-tax household income$Other monthly spending and debts$Everything except the new home loan

03 Buying and moving costs+

Conveyancing$Building inspection$Loan costs$Moving costs$Immediate purchases or works$

Indicative Victorian duty: $11,357 · estimated first-home saving $22,713

Figures shown in AUD

Estimated first-home positionLive

Indicative home loan needed$595,457$3,764 estimated monthly P&I repayment

Available deposit$54,5438.4% of purchase price

Estimated LVR91.6%LMI may apply unless eligible for a scheme

Buying costs$20,457duty and entered costs

Included assistance$22,713duty saving + modelled grant

What the buying costs includeEstimate

Victorian stamp duty: $11,357
Conveyancing: $2,200
Building inspection: $900
Loan and settlement costs: $1,000
Moving costs: $2,000
Immediate purchases or works: $3,000
Total buying costs: $20,457

The deposit and retained cash buffer are shown separately. LMI is not included.

Interest-rate stress testRate +2%

$4,579 per month

At 8.5%, approximately $815 more each month.

After the amounts you entered$1,236 per monthAt the stressed rate: $421 per month. This is not a lender serviceability assessment.

Deposit comparison

What would 5%, 10% or 20% take?

Each position includes the buying costs and cash buffer entered above.

5% deposit$67,957

Total savings required

$22,043 remaining after target cash requirement

10% deposit$100,457

Total savings required

$10,457 more savings needed

20% deposit$165,457

Total savings required

$75,457 more savings needed

Deposit size is not the same as loan approval

A lender will separately assess income, expenses, debts, credit history, the property and its own policies. Lenders mortgage insurance may apply above 80% LVR unless an eligible government or lender program applies.

Assistance to explore

Three programs worth checking.

Rules and eligibility can change. Confirm them before relying on any benefit.

Victoria

First-home duty relief

No duty up to $600,000 and a reduced amount from $600,001 to $750,000 for eligible buyers.

Check SRO eligibility ↗

Victoria

$10,000 First Home Owner Grant

Available to eligible buyers of qualifying new homes valued up to $750,000.

Check the grant ↗

Australian Government

5% Deposit Scheme

Eligible first-home buyers may be able to purchase with a minimum 5% deposit without LMI, subject to program and lender requirements.

Explore the scheme ↗

Your first purchase matters

Buying within budget is only half the decision.

We help first-home buyers understand value, avoid compromised properties and negotiate with confidence—without being pushed by the selling agent.

Get the complete buyer kit — $19

Important information

This calculator provides general estimates only and is not financial, credit, legal or tax advice. It does not assess loan eligibility, serviceability or borrowing capacity. Victorian duty relief and the First Home Owner Grant depend on current eligibility rules, property type, dutiable value, residency requirements and individual circumstances. The model does not calculate lender's mortgage insurance, scheme price caps, off-the-plan concessions, foreign-purchaser duty, mortgage-registration fees or property-specific adjustments. Government programs, interest rates and lender requirements can change. Confirm duty and grant estimates with the Victorian State Revenue Office and your conveyancer, and confirm finance with a licensed mortgage broker or lender before making a decision.