How to Save for a Home Deposit in Australia – 2025 Strategies That Work With rising property prices and tighter lending rules, saving for a home deposit in Australia can feel overwhelming. But with the right plan, it's absolutely achievable. Here's how to get started in 2025. 🏁 1. Set a Realistic Target Typical deposit = 20% of property price + extra for fees Start with a savings goal (e.g. $50,000 for a $500k property) 📅 2. Set a Timeframe and Work Backwards Want to buy in 3 years? You’ll need to save ~$1,400/month Break it down by week or fortnight for better tracking 💰 3. Open a High-Interest Savings Account Use accounts like ING, UBank, or Macquarie Automate transfers right after payday 🏦 4. Consider the First Home Super Saver Scheme (FHSSS) Contribute extra to your super and withdraw for a deposit later Potential tax benefits and disciplined saving 🧾 5. Cut Discretionary Spending Track expenses and reduce dining out, sub...