Pay down high-interest credit cards or car loans. Lenders calculate your borrowing power based on your total credit limits, even if the balance is zero.

You can use voluntary super contributions (up to $50,000) to save for your deposit more tax-effectively than a standard savings account. 3. Budget for the "Hidden" Costs

Ensure there are no errors on your report. A clean history is vital for securing the best interest rates. 2. Master the Deposit (You may not need 20%)

Cancel unused subscriptions and reduce discretionary spending like frequent dining out.

Buying your first home in Australia is a huge milestone, but the process can feel like a maze of paperwork, jargon, and financial stress. In 2026, the market has shifted, and so has the help available to you.

A shared equity program where the government contributes up to 40% for new builds or 30% for existing homes . You only need a 2% deposit, but you will share future capital gains with the government.