While 20% is the "gold standard" to avoid , several 2026 schemes let you enter much sooner:
The purchase price isn't the total cost. You should budget an extra for upfront expenses: Australian Government Help to Buy Scheme help buying a home for the first time
The Australian Government 5% Deposit Scheme now has unlimited places and has removed income caps, allowing you to buy with just a 5% deposit while the government guarantees the rest. While 20% is the "gold standard" to avoid