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House Deposit Timeline Calculator

See how long it will take to save your home deposit at your current savings rate.

Last verified: 5 May 2026

Reviewed by the Savings Mate editorial team — figures fact-checked against the ATO, Services Australia and ASIC MoneySmart.

How long will it take to save your deposit?

Your timeline depends on the deposit target and how much you put away each month. Aiming for a 20% deposit lets you avoid Lenders Mortgage Insurance (LMI); a smaller deposit usually means paying it. Source: ASIC MoneySmart.

Worked example. On a $700,000 home, a 20% deposit is $140,000. Starting with $30,000 and saving $2,000 a month at a 4% return, you reach the target in a little over 4 years.
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General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.

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