How much deposit do I need to contribute when purchasing a residence?

You must be able to demonstrate personal savings of at least 5% of the purchase price plus the statutory and legal costs associated with the purchase.
Personal savings such as savings accounts, term deposits, shares/equities or equity in other real estate are acceptable forms of contribution.
For a Well Money home loan you will also need to keep in mind that the maximum LVR that we can accept is 95%.