Buying a House with No Deposit – What It Means and When It Makes Sense

 Dreaming of home ownership but worried about saving up that 20% deposit? You’re not alone. In fact, rising property prices across Australia have made the traditional deposit model harder than ever especially for first-time buyers. 

 

But what if we told you that you can buy a home with little or even no deposit?

Click here to talk to experts for no deposit mortgage works in Australia, when it makes sense, and what the real pros and cons are. 

 

What Is a No Deposit Mortgage?

A no deposit mortgage means you can secure a home loan without putting any money down upfront or by using an alternative form of security instead of cash.

While Australian lenders typically require a 5–20% deposit, there are a few legitimate ways to access a house loan without deposit, including:

  • Guarantor loans (a family member secures part of the loan)
  • Equity in another property
  • First Home Guarantee schemes
  • Lender promotions or niche lending products

This option can fast-track your entry into the market but it’s not for everyone.


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