Buying a house

January 24, 2025

Buying a house is an exciting time. This page steps you through the house buying process, so you know what to expect.

1. Save for a house deposit

The first step is to get your finances sorted. Do a budget to identify how much you can afford to save for your deposit.

Next, do some house price research. Getting a general idea of house prices helps you set a goal to work towards. A great savings goal for a house deposit is 20% of the purchase price, plus enough to cover buying costs (see steps 5 and 6, below).

See save for a house deposit for more about how much you'll need to save, and ways to save faster.

Read more: https://moneysmart.gov.au/home-loans/buying-a-house

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