How much should you ideally save for a mortgage down payment in today's market?
- Submitted by 9 months ago
Jack Milleer
Answered 9 months ago
In today’s market, ideally saving 20% for a mortgage down payment is a great target—it helps avoid lender’s mortgage insurance and reduces monthly repayments. However, many buyers successfully enter the market with as little as 5–10% saved, especially with first-home buyer incentives and grants available. With smart budgeting, consistent saving, and the right support, homeownership is more achievable now than ever before.
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