The standard expectation is 20% to avoid LMI — but thanks to government guarantee schemes, many Geelong first home buyers are now purchasing with just 5% deposit and no LMI. The right deposit amount depends on your savings, timeline, and which schemes you qualify for. Don’t forget additional costs: stamp duty (unless exempt), conveyancing ($800–$2,000), building inspection ($400–$700). Paddy explains the right deposit approach for your specific situation in the first conversation.