Few things in life are as exciting as buying a new house or apartment. For most of us, it’s the biggest single purchase we’ll ever make. But unless you’re the lucky winner of a big jackpot, buying a new home will require you to save up plenty in advance.
Taking the first steps towards saving can sometimes be difficult. Here are a few easy tips to get you saving for your new home.
Source of average home loan:
MyHome Property Report Q3 2017
Source of average asking price:
Daft house price report Q3 2017
Source of average age:
REA FTB report 2016
Don't forget, you'll also need to keep some of your savings aside for other expenses related to buying your home. Things like:
Make your dream home a reality.
Start a savings plan with us today and take your first steps towards buying your new home.
Not sure which account is right for you? Let us help you with that.
What would you like to do with your account? What would you like to do with your account? Do you have a lump sum or would you like to save towards one? Close
How much will you place on deposit? How much will you place on deposit? What lump sum would you like to invest Close
How much will you save each month? How much will you save each month? How much would you like to save monthly Close
How would you like to draw down your money? How would you like to draw down your money? This affects when you will have access to your funds Close
How would you like to open your account? How would you like to open your account? You can open your account online or in your local branch Close
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The above calculation is based on a set of assumptions (see below) and is intended to provide you with a guide as to the potential gross interest return that may be applicable. The actual return that you receive may vary from this calculation where your account does not operate as per these assumptions.
* Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.
** Gross Return Interest is calculated daily and payable at the end of the term for a fixed term deposit account or annually at the relevant interest payment date for a demand/ notice variable rate account. The interest payable assumes that the lump sum is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.