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💰 Deposit Readiness Calculator

Assess your financial readiness to purchase an Australian investment property. Get a personalised timeline, gap analysis, and actionable recommendations.

📊 Your Financial Profile

Current Savings & Cash Available ($)

Monthly Savings Capacity ($)

Annual Gross Income ($)

Existing Monthly Debt Commitments ($)

Target Property Price Range ($)

Deposit Percentage

Note: Investment properties typically require higher deposits than owner-occupied homes. Some lenders may require minimum 10% for investment properties.

Property State/Territory

Are you a first home buyer?

💡 Important: Investment Property Consideration

First home buyer schemes typically only apply to owner-occupied properties (your primary residence), not investment properties. If you're planning to purchase an investment property as your first property purchase, you generally won't qualify for first home buyer stamp duty concessions or grants. However, you may still benefit from these schemes when you later purchase your own home to live in. Consider whether you want to use your first home buyer benefits on an owner-occupied property first, or save for a larger deposit for an investment property without concessions.

📊 Your Complete Readiness Analysis

Click the tabs below to explore different aspects of your deposit readiness

📈 Your Deposit Readiness Score

75%

Good - Almost Ready!

You're on track to purchase your investment property soon.

Deposit Progress $75,000 / $120,000

Total Purchase Costs Coverage $75,000 / $150,000

Emergency Fund Readiness $15,000 / $25,000

💰 Complete Cost Breakdown

💡 Cost Saving Tips

Shop around for services: Legal fees, building inspections, and loan costs can vary significantly between providers. Getting multiple quotes could save you thousands.

⏰ Your Readiness Timeline

⚠️ Important Limitation: Property Price Growth Not Included

This timeline assumes property prices remain static, but in reality, property values typically increase over time. For example, if properties in your target area grow at 5% annually, a $600,000 property today could cost $630,000 next year and $662,000 in two years. This means you might be "chasing a moving target" where prices rise faster than you can save.

Additional consideration: This analysis is based on your chosen deposit percentage and associated costs. If property prices rise significantly, you might need to adjust your deposit strategy or target different price ranges.

💡 For a more realistic analysis: Use our Investment Property Comparison Calculator which includes property price growth projections and shows you the "deposit readiness timeline" that accounts for capital growth in your target areas. This can help you determine if you're saving fast enough to keep up with rising property prices.

🎯 Personalised Action Plan

💡 Key Recommendations

🏦

$680,000

Estimated Borrowing Capacity

📅

8 months

Time Until Ready

💎

$550,000

Affordable Property Price Now

Based on your current savings

Understanding Your Key Metrics

Borrowing Capacity: The maximum loan amount you could potentially qualify for based on your income and existing debts.

Time Until Ready: How long it will take to save enough for your target property at your current savings rate.

Affordable Property Price Now: The maximum property price you could afford today with your current savings, including your chosen deposit percentage, all purchase costs, and emergency fund.

⚠️ Important Considerations

This calculator focuses on deposit readiness. You'll also need to consider ongoing cash flow, rental yield, and ensure you can service the loan comfortably. Always consult with a mortgage broker and financial advisor before making investment decisions.

Important Disclaimer

This tool provides general information and estimates for educational purposes only. It does not constitute financial, investment, tax, or legal advice. Actual costs may vary based on individual circumstances, market conditions, and specific property details. Investment property purchases involve significant risks including potential capital loss, vacancy periods, and market fluctuations. Always consult with qualified financial advisors, mortgage brokers, accountants, and legal professionals before making any investment decisions.

Use this tool as a starting point for your research and analysis, but always do your own due diligence and seek professional advice tailored to your specific circumstances.