Buying a property in Queensland isn’t just about how much you can save—it’s also about when, how, and under what conditions your deposit is paid. Whether you’re buying at auction, off-the-plan, or through private sale, different rules apply for refunds, timing, and legal protection.
This guide, written by an expert mortgage broker in Brisbane, covers not only how much deposit you’ll need in 2025, but also what happens to that money once it’s paid.
Let’s dive in.
Table of Contents
1. How Much Do You Need To Buy A House In 2025
This is the first question that many first-home buyers ask us. It should be straightforward to work out… but often isn’t.
While you might have read that some banks will do 95% loans, lots of people assume this means you only need a 5% deposit—which is a common mistake of many first home buyers. There are other costs that need to be factored in there, so you actually need closer to an 8% deposit.
How Much Deposit When Buying An Existing Home
When buying an existing home in Queensland, you will not receive the $30,000 first home owners grant, so you will need a little bit more in savings. Let’s look at some examples. Figures are correct as at 30 September 2025.
House Deposit Required | Bank Jargon | Who Qualifies for This? | Example on $800,000 Purchase in QLD |
8–10% of the purchase price | Maximum LVR 95%Includes LMI: 92% Loan + 3% LMI = 95% | Most first-home buyers with a regular jobCan be an existing homeYou must live in it | Loan: $736,000LMI: $24,000 (approx.)Total Loan: $760,000Deposit needed to cover transfer duty & other settlement costs: $64,000 |
7–9% of the purchase price | Maximum LVR 97%Includes LMI: 94% Loan + 3% LMI = 97% | Strict criteria: perfect credit & savings history, 2+ years stable employmentCan be an existing homeYou must live in it | Loan: $752,000LMI: $28,000 (approx.)Total Loan: $780,000Deposit needed to cover transfer duty & other settlement costs: $52,000 |
How Much Deposit When Buying a New Home
What if you are buying a brand new first home and qualify for the Queensland First Home Owners Grant?
Let’s go through an example together, with figures based on buying a home in 2025.
House Deposit Required | Bank Jargon | Who Qualifies for This? | Example on $800,000 Purchase with $30,000 First Home Owners Grant |
6–7% of the purchase price | Maximum LVR 95%Includes LMI: 92% Loan + 3% LMI = 95% | Most first-home buyers with a regular jobMust be buying a brand new property or building a new homeMeet First Home Owners Grant criteria | Loan: $736,000LMI: $24,000 (approx.)Total Loan: $760,000Plus $30,000 First Home Owners GrantDeposit needed to cover transfer duty & other settlement costs: $16,000 |
4–5% of the purchase price | Maximum LVR 97%Includes LMI: 94% Loan + 3% LMI = 97% | Very strict criteria: perfect credit history & 2+ years stable employmentMust be buying a brand new property or building a new homeMeet First Home Owners Grant criteria | Loan: $768,000LMI: $28,000 (approx.)Total Loan: $796,000Plus $30,000 First Home Owners GrantDeposit needed to cover transfer duty & other settlement costs: None |
How To Buy With No Deposit
No deposit loans are possible, but there are limited options. Some of the options include:
- Guarantor home loan. A guarantor is someone with an existing property who is willing to take on the legal responsibility should you not be able to repay your loan.
- Gifted funds. If you have family members or friends willing to give you a gift of the entire deposit, you can buy a home without having to save for a deposit.
- Partnering with someone. This is called a joint venture. In this case, the other person can put up all the deposit, and you make the repayments until you have reached the deposit amount. After that, you can start sharing the repayments halfway.
- A property syndicate. It is like a joint venture, but more people are involved in the purchase.
- Medical professional. If you are a medical professional, you may be able to borrow 100% of the property value.
- Advantageous purchase. This is extremely rare but possible.
- Rent to buy. In this case, you essentially buy now and pay later based on a pre-agreed purchase price. We usually discourage homeowners from using this route.
Guarantor Home Loan
The best way to get a no-deposit home loan is to set up a guarantor to secure your loan.
This is a great way to help speed up getting into the property market.
What is a guarantor?
A guarantor is a family member who uses their house or investment property as security against your new home loan. For the property to be used, it must have sufficient equity.
The bank will take security over a section of their property (the percentage they approve) in place of your deposit. Having a guarantor will allow you to borrow up to 105% of the purchase price.
What are the guarantor loan requirements?
- Needs to be from your immediate family. This means your parents, siblings or grandparents. Some banks will also allow de facto partners, or in some cases, uncles or aunts depending on their relationship with you.
- Guarantor’s property needs to be in Australia. The banks will not accept any property located overseas, and the guarantor needs to be an Australian or New Zealand Citizen.
- There needs to be enough equity in their home. Typically, the guarantor must owe less than 80% of the property value on their home loan. We’ll go into this in more detail shortly.
- Your guarantor needs to be currently working. Many banks will not allow a security guarantor from a retired or elderly guarantor. However, there are some exceptions. We have some banks that will accept self-funded retirees, provided they get legal advice and have a reasonable exit strategy.
You need to be over 18 years old to apply for a guarantor home loan.
Unacceptable guarantors include:
- Friends
- Work associates
- Previous spouses or de facto partners
- Unrelated people who do not have an immediate relationship with you
Read More: How to remove a Guarantor from a mortgage.
What if I have absolutely no genuine savings?
While you are allowed to borrow over 100% of the purchase price with a guarantor home loan, in some cases, lenders will still want to see at least 5% of the purchase price in genuine savings. Genuine savings is money you have on the side to prove that you have some fallback money.
The good news is, if you don’t have genuine savings but have been faithfully paying rent, this can also be used as genuine savings!
You can talk to us today about which lenders will not require genuine savings.
I’ve owned a property before; can I still get a guarantor?
A Guarantor is most commonly used for first home buyers, and most backs will only allow this.
However, some lenders will allow second-home buyers to get a guarantor. However, the expectation is that they should already have a strong financial base in order to buy a second property. That said, some lenders are willing to review cases where the borrower has been sick or has been through a divorce.
Will having a guarantor affect my borrowing capacity?
Even with a guarantor, your borrowing capacity will still be reviewed and approved in the same way as if you were getting a regular loan. Your current income will be looked at, as well as any debt, credit carbs and liabilities that you have. As a general rule, banks will lend you around 5 to 6 times your income. So if you are earning $50,000, you might be able to borrow up to $300,000.
Read More: Guarantor Home Loans ultimate guide.
Other Deposit Scenarios in QLD
- 5% deposit. This is the minimum deposit possible to buy a house in Queensland.
- 8% deposit. This is about the standard and recommended minimum to help free you up a bit financially. You’ll get a better interest rate too.
- 10% deposit. This is a great base to open up your possibility to work with nearly every type of lender. In some situations, lenders won’t allow an LVR higher than 90%, meaning having a 10% deposit will make you eligible to lend with them. Your lender’s mortgage insurance rate will be cheaper too.
- 15% deposit. The higher, the better. At this point, you can also use non-genuine savings to help you get to this figure. So maybe your parents can gift you money for the deposit to help bump it up a little?
- 20% deposit. This is the traditionally recommended deposit and a great place to be if you can afford it. With a 20% deposit, you will be able to get a better interest rate, and you won’t need to pay lenders mortgage insurance.
Read More: Use the Deposit Calculator
2. When And How Is The House Deposit Paid in QLD?
Understanding when you need to pay your deposit can prevent stressful surprises during your home-buying journey. Whether you’re buying through a private treaty or bidding at auction, the payment timing will vary.
When Is the Deposit Due?
The deposit is usually paid at one of three stages:
- Private treaty: A small holding deposit is often paid when you make an offer. The balance is then due when both parties sign the contract.
- Contracts with a cooling-off period: In most cases, you’ll pay the full deposit once the cooling-off period ends.
- Auction purchases: There is no cooling-off period, so the entire deposit is due on the day of the auction if you win.
If you’re wondering how much for a house deposit at each stage, it’s normally between 5% and 10% of the purchase price. Some sellers may request a fixed flat amount instead of a percentage. Always confirm before signing anything.
Holding Deposit vs Full Deposit
In private treaty sales, agents often request a holding deposit to show good faith. This is usually $1,000 to $2,000 and is fully refundable if negotiations fall through.
Once contracts are signed, you’ll need to pay the remaining balance of the full deposit. Make sure you have funds ready to go — delays can breach the contract.
Accepted Payment Methods
Most sellers will accept:
- Bank transfer (EFT)
- Bank cheque
- Electronic settlement platforms like PEXA (usually handled by your solicitor)
Cash payments are rarely accepted due to compliance rules, so make sure your transfer limits are cleared before settlement day.
Who Holds the Deposit?
Your deposit won’t go directly to the seller. Instead, it will be held safely in:
- The real estate agent’s trust account, or
- Your solicitor or conveyancer’s trust account
This protects you in case the contract is terminated under valid conditions.
3. Deposit Rules for Auctions vs Private Treaty vs Off-the-Plan
Not all property purchases follow the same deposit rules. The timing, refund options and conditions depend on how you buy. Here’s a quick comparison:
Sale Type | Typical Deposit | When Paid | Refundable? | Special Conditions |
Auction | 5–10% on the day | Immediately after the hammer falls | No cooling-off period | Must be unconditional — finance cannot be added later |
Private Treaty | 5–10% paid in 2 stages | Small holding deposit on offer, balance after cooling-off | Yes — if finance clause is in place | Terms are negotiable with agent or seller |
Off-the-Plan | 10% | On contract signing | Usually refundable only if builder defaults | Deposit is held longer, often in solicitor or stakeholder trust |
4. Can I Buy A House With 5% Deposit In QLD
Unfortunately, these days a 5% deposit won’t cut the mustard. As we mentioned earlier, you’ll need a minimum of 8% in savings unless you’re buying a brand-new place.
Here are a few practical examples:
Deposit / House Price | $800,000 | $850,000 | $900,000 | $950,000 | $1,000,000 |
7% Deposit | $56,000 | $59,500 | $63,000 | $66,500 | $70,000 |
8% Deposit | $64,000 | $68,000 | $72,000 | $76,000 | $80,000 |
9% Deposit | $72,000 | $76,500 | $81,000 | $85,500 | $90,000 |
10% Deposit | $80,000 | $85,000 | $90,000 | $95,000 | $100,000 |
You can play around with our deposit calculator to see how your deposit translates to your home price and monthly payment.
First Home Guarantee: Buy with a Smaller Deposit
The First Home Guarantee allows eligible first-home buyers to purchase a property with as little as 5% deposit.
- Eligibility: Must be a first-home buyer and an Australian citizen or permanent resident.
- Property Types: New or existing homes in Queensland; off-the-plan purchases may also qualify.
- Government Support: The guarantee allows the government to act as a guarantor for part of your deposit.
- Benefits: Enter the property market sooner and potentially avoid lenders mortgage insurance (LMI).
Why You Still Need an 8% Deposit
Even with the First Home Guarantee, buyers must cover additional upfront costs, including:
- Stamp duty (if applicable)
- Legal and conveyancing fees
- Inspection and settlement costs
- Any initial loan-related fees
For most Queensland homes, this means you still need around 8% in savings to cover these extra costs. By combining your savings with the First Home Guarantee, you can secure your first home without waiting to save a full 20% deposit.
Read more: First home guarantee scheme
5. What Kind Of Income Do You Need To Minimise Deposit?
The amount of income you need to minimise your deposit depends on the size of the loan you’re taking out.
If you’re sitting at a 95% loan-to-value ratio, you’ll find that lenders are much more conservative when they assess your income.
In this case, a higher income will help you get across the line and make it easier.
Income | $60,000 | $70,000 | $90,000 | $100,000 | $150,000 |
Min Loan Amount | $330,000 | $385,000 | $495,000 | $550,000 | $825,000 |
Max Loan Amount | $390,000 | $455,000 | $585,000 | $650,000 | $975,000 |
6. How To Determine If You Should Pay LMI
Lenders Mortgage Insurance (LMI) is protection for the lender in case a borrower can’t repay their loan. It is important always to remember that LMI protects the lender, not you. So, for example, if you lose your income, LMI will not help you with repayments. If a borrower has a low deposit of anything under 20%, most lenders will require them to pay LMIWhy?
These borrowers fall into a higher-risk category and, as a result, can create more complications for lenders should they default on their loan repayments.
7. How Much Deposit Do I Need To Build A House?
Does a deposit for building a house differ from buying one?
When building a home, you’d need to get a construction loan which differs from a standard home loan. A construction loan is paid off in stages.
However, the deposit still works in the same way, and a minimum deposit between 5 to 8% is required. You’ll need to work out the cost of the land and the build to budget accordingly and take out the right size loan.
In Queensland, first-home buyers who are building a house will also be eligible for the First Home Owners grant.
The deposit amount will be confirmed, and from there, your solicitor or conveyancer will finalise the contract with the progress payments.
Remember that your loan will need to include extra costs like legal fees and stamp duty that you may not have factored in.
8. Using The First Home Owners Grant As A House Deposit
The First Home Buyers Grant in Queensland can be used as all or part of your deposit for brand new properties, buying off the plan or significant renovations that have substantially changed the property.
It is best not to rely solely on this and consider it as more of a bonus. Why? Because the grant will be paid at different times, depending on the type of property that you’re buying or building. So it might not be in your account in time to use as a deposit.
To be eligible for the First Home Owners Grant:
- You must be over 18.
- Australian citizen or permanent resident, or applying with someone who is.
- You must not have previously received the grant.
- Must be buying your first home
There are also restrictions on the types of properties you can buy
The property you are buying must be brand new or being built and valued at under $750,000 (land included). New dwellings include houses, units, duplexes, townhouses, and a granny flat that has not yet been occupied as a place of residence.
The grant may be used for homes that have undergone substantial renovations or homes that have been moved onto a new site but are not yet occupied, like kit homes.
You must move into the new home within one year of settlement and live there continuously for six months.
You are also unable to rent out a room until you’ve lived in the property for at least a year. So if you were relying on rental income from other tenants, park that thought for a little while.
Read More: First Home Owners Grant QLD
9. How To Avoid LMI On Your House Deposit
At what point you need to pay LMI is determined by your lender. (Remember, it’s insurance that protects the banks).
Sometimes, the cost will be paid as a lump sum upfront, while other lenders will allow it to be added to your home loan. In the case of the latter, you will pay interest on the LMI too.
As a guide for a $500,000 home loan that you’ve saved a $50,000 deposit on, LMI could cost over $10,000. Your loan-to-value ratio will be examined, and the higher your loan is, the more LMI you will have to pay.
Something to remember about LMI
If you choose to refinance in the coming years, unfortunately, LMI is not transferable. So if your loan-to-value ratio is still higher than 80%, you may need to pay LMI again with your new lender.
Understanding how a lender calculates LMI and being aware of estimated costs is essential so that you can weigh what to do.
Many first-home buyers contemplate whether it is best to wait until they have a higher deposit or to buy earlier and pay LMI. Which option is better?
The simple answer is that it comes down to your personal goals. Would you prefer to get into the property market sooner or wait and be more financially secure?
There’s no single answer because it depends on your goals and requirements.
10. Tips For Buying With A Low House Deposit In QLD
Buying a home with a low deposit can feel challenging, but it’s not impossible. With careful planning, the right strategy, and guidance from a mortgage broker QLD, you can increase your chances of approval. Here’s how to make it work:
Check Your Credit History
- Lenders review your credit file closely. A clean credit history shows you manage debt responsibly.
- Pay off outstanding debts, including credit cards and personal loans. This reduces your debt-to-income ratio.
- Ensure all payments are up to date before applying. Missing payments can affect your interest rate and approval.
Reduce Personal Debt
- Lower debt improves your borrowing capacity. Less debt means lenders see you as lower risk.
- Consolidate loans where possible. Combining debts into one repayment simplifies budgeting and strengthens your application.
- Avoid taking on new debt before applying for a home loan. Even small loans can reduce borrowing potential.
Consider a Guarantor Home Loan
- A family member can use their property as security. This can reduce your upfront deposit requirement. This can allow you to borrow 100% of the property value. Ideal for first-home buyers with limited savings.
- Even with a guarantor, lenders may want some genuine savings. This shows you have financial responsibility.
Explore Gifted Deposits
- Family or friends can gift part or all of your deposit. It’s a legal way to increase your deposit quickly.
- Lenders usually require documentation to confirm the funds are a gift. This ensures the money isn’t a hidden loan.
Look at Off-the-Plan or Smaller Properties
- New developments sometimes allow lower deposits. Developers may offer incentives for early buyers.
- Units, townhouses, or fixer-uppers may require less upfront cash. Smaller properties make market entry easier.
- Consider locations where property prices are lower. This reduces deposit requirements and monthly repayments.
Use Rent Payments as Genuine Savings
- If you have little savings, consistent rent payments can sometimes be counted. Lenders see this as proof of reliability.
- Lenders view this as evidence of financial responsibility. It can partially substitute for a traditional deposit.
Get Pre-Approval with the help of a Mortgage Broker
- Pre-approval shows sellers you are finance-ready. It strengthens your position in auctions or negotiations.
- A broker can fully assess your situation to avoid surprises. They review income, debts, and credit for realistic loan limits.
- This increases confidence when bidding at auction or negotiating a private sale. You can act quickly without risking your deposit.
Plan Your Budget Carefully
- Factor in extra costs like stamp duty, legal fees, and LMI. These are often overlooked by first-home buyers.
- Use a deposit calculator to see how much you’ll need. It helps set realistic savings goals and timelines.
- Stick to a savings plan to build your financial position quickly. Regular contributions reduce stress closer to settlement.
Bonus: Should I Put In A Larger Or Smaller Deposit?
When buying a property, the main question is: should I put in a larger or smaller deposit? Is it better to wait and get the 20% deposit, or should you try and get in with a smaller deposit of 10,9 or 8 per cent? There are pros and cons to both strategies.
Pros and cons of having a small deposit.
Pros:
- You might actually be able to get some of that tailwind of the property market increasing and locking yourself in before it gets out of hand and potentially too expensive to enter the market.
- It might give you another year or two to pay off your loan because when you do get a loan, you’re paying the place off progressively compared to renting.
- If you are in a situation where you are able to pay a little bit more than the minimum that you meant to pay on your payments, you can actually knock off that loan quicker.
Cons:
- When you have a smaller deposit, you’re going to pay extra fees. One of them is lenders mortgage insurance which we have covered above.
- Getting your loan approved can be harder because the approval process goes through different levels. Your bank assesses the application and then forwards it to the lenders mortgage insurers. It is here that your application can come into trouble because many different parties are assessing your application.
- In some cases, your bank will actually charge you a higher interest rate. Now it depends on the bank how much this is. It might be 0.1% or 0.2%, but there generally is a difference because they see you as a higher risk. So not only are you getting slapped with the lender’s mortgage insurance premium, you might be paying a slightly higher interest rate than if you have a 20% deposit.
- With a lower deposit, you are going to borrow more, so your repayments are going to be more, and it is going to affect your cash flow.
Pros and cons of having a larger deposit:
Let’s move on to the pros and cons of having a larger deposit. Now, when we say larger deposit, we mean more than a 20% deposit.
Pros:
- The first and most obvious pro is that you avoid lenders mortgage insurance so, effectively saving thousands of dollars.
- You are going to have more equity if you put in a 20% deposit.
- Another pro is that it is easier to get your finances approved. For example, a lot of the time, if you have more than a 20% deposit, they don’t need to see any employment history if you’re full-time or part-time. If you’re casual, they still want to see about 6 months. In some cases, banks don’t even want to see your deposit if you’ve got a 20% deposit; they’ll just take you on your word.
- When you have a larger deposit, you get better interest rates which saves you a lot of money.
Cons:
- The biggest detractor of having a larger deposit is that it takes you more time to save it. You might find the market will move on you, and you can no longer afford a house in the areas you were after when you started saving.
- Another con can be for an investment property where you might want to maximise your gearing and taxation purposes. If you borrow less, there are obviously fewer costs and expenses to claim on your tax which can go against you.
Can You Get Your Deposit Back If The Contract Falls Through?
Whether you can recover your deposit depends on how the contract was signed and why it was terminated. Queensland has specific rules that protect buyers in some cases — but not all.
Cooling-Off Period Rules in QLD
For most private treaty contracts, buyers receive a 5-business-day cooling-off period.
During this time, you can withdraw for any reason, but the seller may withhold a penalty of up to 0.25% of the purchase price. The remaining balance of your deposit is refunded.
Example: On an $800,000 home, the maximum penalty is $2,000.
However, cooling-off rights do not apply if you buy at auction or waive your rights in writing.
Finance Clause Protection
Most contracts in Queensland include a finance clause. This allows you to cancel the contract if your loan is declined, provided you notify the seller before the finance due date.
If you meet the deadline and can prove your finance was rejected, your full deposit is usually refunded.
Auction Deposits Are Riskier
When buying property in Queensland at auction, the rules change completely. There is:
- No cooling-off period
- No finance clause protection
- No second chance if the lender declines your loan
Once the hammer falls, your deposit is locked in and non-refundable. This is why a fully assessed pre-approval is critical before bidding.
When Can Deposits Be Forfeited?
You may lose part or all of your deposit if:
- You fail to meet contract conditions within the agreed timeframe
- You withdraw after the cooling-off period without legal grounds
- You are unable to settle due to finance delays or personal change of mind
Always speak with your solicitor or mortgage broker before signing — one clause can decide whether your house deposit qld is refundable or gone for good.
Case Study: Buyer Lost Deposit At Auction Due to No Cooling-Off
Recently, Tom, a first-home buyer in Brisbane, successfully bid on an $800,000 townhouse at auction. He had what he believed was a “pre-approval” from his bank, so he felt confident moving forward.
However, what Tom didn’t realise was that his pre-approval was only a system-generated estimate, not a fully assessed pre-approval reviewed by a credit assessor. In other words — the bank hadn’t actually verified his income, debts, or expenses yet.
Because auctions in Queensland are unconditional with no cooling-off period, Tom had to pay a 10% deposit ($80,000) immediately, plus budget for another $32,000 in stamp duty and legal fees. Unfortunately his home loan application was declined.
Why His Finance Was Declined
When the bank finally assessed his application after the auction:
- His casual employment wasn’t accepted under lender policy (he’d been in the role less than 12 months)
- He had $12,000 in credit card debt, which significantly reduced his borrowing capacity
- Part of his deposit was a family gift — but the bank required genuine savings
- His borrowing limit was lower than expected due to recent rate rises
Within days, his application was rejected — and because auction contracts are unconditional, he had no way out. Tom lost his entire $80,000 deposit.
How This Could Have Been Avoided
If Tom had worked with a mortgage broker like Hunter Galloway, we would have:
- Secured a fully assessed pre-approval (fully reviewed by a real credit assessor — not just an online calculator)
- Matched him with a lender suited to his employment type and savings structure
- Identified his borrowing shortfall early and adjusted his price range before bidding
Lesson: Not all pre-approvals are equal. “Computer-says-yes” approvals aren’t worth anything at auction. Always make sure you’re bidding with a fully assessed pre-approval — or better yet, let our team secure it for you.
Read More: What is a home loan pre approval?
House Deposit QLD Frequently Asked Questions
Is a house deposit always 10% in Queensland?
No. While 10% is common, many contracts accept deposits as low as 5%. The exact amount depends on your lender, the sale type, and what you negotiate with the seller.
Can I negotiate the deposit amount with the seller?
Yes. In private treaty sales, buyers can often negotiate a reduced deposit or split it into two stages — a small holding deposit first, then the balance later.
Who holds my deposit after I pay it?
Your deposit is kept in a trust account managed by either the real estate agent or your solicitor. It stays there safely until settlement or termination of the contract.
Can I get my deposit back if finance is declined?
Yes — if your contract is subject to finance and you notify the seller before the finance date, your deposit is usually refunded in full.
Do I lose my deposit if I change my mind?
Not always. If you cancel during the cooling-off period, you’ll pay only a small penalty (0.25% of the purchase price). After cooling-off — or at auction — you may lose your entire deposit.
How soon do I need to pay the deposit?
In most cases, the deposit is due when you sign the contract or within 24 to 48 hours, depending on what was agreed with the agent.
Can I pay my deposit in two parts?
Yes. Many sellers accept a smaller holding deposit upfront and the remaining amount after cooling-off or finance approval.
What happens to my deposit if the seller pulls out?
If the seller defaults, you are entitled to a full refund of your deposit. In some cases, you may also claim additional compensation for costs incurred.
Do I still need a deposit if I’m using a guarantor loan?
Most guarantor loans allow you to borrow up to 100% of the purchase price, meaning no cash deposit is required. However, lenders may still ask for evidence of genuine savings or rental history.
How long after signing a contract do you pay a deposit?
The deposit is normally paid immediately upon signing, unless otherwise agreed. Some contracts allow 24 hours, but delays beyond that may breach the agreement.
Can I cancel a contract after paying a deposit?
Yes — but only in certain circumstances. You can cancel during the cooling-off period or under a finance or building and pest clause. Outside of those protections, cancelling may forfeit your deposit.
How to buy a house in QLD with no deposit?
You can buy with no deposit by using a guarantor loan, government First Home Guarantee, or by combining grants with lender incentives. A mortgage broker can help structure this correctly to meet lender criteria.
Next Steps And Getting Your Home Loan
Our team at Hunter Galloway is here to help you buy a home in Australia. Unlike other mortgage brokers who are just one-person operations, we have an entire team of experts dedicated to helping make your home loan journey as simple as possible.
If you want to get started, please give us a call on 1300 088 065 or book a free assessment online to see how we can help.
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