Brighter Buying

Join the “5% club” and fast track home ownership

by Kate Watt, Marketing Manager 19 September 2019

Did you know 95 per cent of people spend first and save later?

We didn’t either until we read it on We’re not sure of the source of this snippet, but we’ll focus on the sentiment, which you should too if you’re trying to save for that elusive home deposit.

“Saving up the deposit for your first home can sometimes seem like an insurmountable challenge,” the article says.

“But like most mountainous climbs, if you have done your research, know how to get there, understand what it takes to get there and know where the top is, you will reach the summit.”

So here’s what you need to do to hike that mountain and get a selfie in front of a ‘SOLD’ sign to prove it!

  1. Save before your spend: be in the 5 per cent who pay themselves first i.e. put a set amount into your savings before you get spendy.
  2. Change your priorities: you’ve heard this before, sacrifice coffees, smashed avo… whatever works for you really, the main thing is you are in control of your spending and saving.
  3. Acclimatise: live like you already have a mortgage; calculate what your repayments will be and put that amount aside each week to cover your rent and save any surplus.
  4. Commit: now is as good a time as ever to buy with record low interest rates, so don’t give yourself excuses not to save, just start doing it.
  5. Take advantage of incentives: if you’re in Queensland check out the First Home Owners’ Grant.

Ready to buy? View our current listings for sale.

Still saving? Check our listings for rent.