One way to force savings is to defer Family Tax Benefit A or B or both. That way you will get a lump sum payment. I know this might not be an option ATM but maybe think about it in the future?
thank you so much for your advice everyone! much appreciated! i think we will need a bit more than what i worked out, so we'll see how we go! need to start somewhere/sometime i guess!
Only really reiterating what others have said, but from personal experience with St George, you will need 10% or 5% if you've had a savings account for 12 months. We bought our first home in March, and I think we were the lucky last to get a 100% loan.
i think you'll find the days of getting 100% finance are well and truely over, unfortunatly thats what started the finacial crisis in the first place in the US.
i think saving your FTA and B is a fantastic idea, goodluck hun, you'll be a home owner before you know it!
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