@fernsfinancebrokers: 5% deposit on a Queensland home? Most first home buyers guess their deposit, and most guess wrong. Guess too low and you find out at the bank, after you've already fallen for a home. A 5% deposit means you borrow 95% of the price. On an $850,000 home that's a $42,500 deposit and a loan of $807,500. At 6.00% over 30 years, that loan is about $4,841 a month. The 5% Deposit Scheme has price caps: $1,000,000 in Brisbane, the Gold Coast and the Sunshine Coast, and $700,000 elsewhere in Queensland. Above the cap, the scheme doesn't apply. Searching in Brisbane, the Gold Coast or Logan? Know your deposit before you book an inspection. See what a 5% deposit does to your repayments before you start searching. Try our Loan Comparison calculator, link in bio. #5percentdeposit #firsthomebuyerqld #brisbanehomebuyer #goldcoastproperty #fernsfinance

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Friday 13 November 2026 09:30:56 GMT