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  1. #11
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    Default Saving deposit for first home

    We saved $62000 over 4 years and bought two $5000 cars in that time. We needed to have 62000 for a $360000 house so repayments would only be $440 a week. Good luck

  2. #12
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    Default Saving deposit for first home

    Thanks for all your replies.. Looks like some had quite small deposits.. We're looking at a 10% deposit so 35-38 thousand + stamp duty.. It'll take us about 2 years all going well.. It seems like a daugnting number!

  3. #13
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    Default Re: Saving deposit for first home

    We saved 15000 in 6 months. Only the min deposit.

    Me & DH +
    DS 2
    DD

  4. #14
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    In the last 2 years we have saved a fair bit but we aren't really in a rush to move since we rent very cheaply off Family.

    We have saved probably about $35,000, but paid off about $6000 of debt, 2 overseas holidays totaling about $13,000 between them, and $5000 towards a new car, so now there's only about $10k in savings or so.

    I plan to save $100,000 in the next 4-5 years so that in 5 years we can buy our first home. I don't want to buy anything without at least $100K cash.


 

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