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Tips for growing your deposit.
Saving for a deposit can take a while but there are a number of things you can do to grow your deposit faster.
Countdown to your new home.
Read our top tips for growing your savings as quickly as possible, so you can get started with looking for your first home. Plus, use the online calculators to work out what you can afford.
1
Do the maths
Work out how much you need to save to reach your goal. Our calculators can help you figure out what you might be able to borrow and how much your home loan repayments could be.
Calculators
2
Low deposit options
After you've crunched the numbers, if you don't think you'll have a deposit of 20% of the value of the property there are other low deposit options that you could be eligible for.
See your options
3
KiwiSaver
If you're eligible, you can use most of your KiwiSaver¹ towards a deposit on your first home. Make sure to check how much you're contributing into your KiwiSaver and what fund you're in so it's working hard for you and your goals.
Learn more
4
Other savings options
Depending on your home buying plans, we also have a range of other savings options that offer flexibility and competitive interest rates.
Learn more
5
Westpac Salary Splitter
If you choose to create a Salary Splitter, it will automatically split your salary into different accounts, keeping savings separate from spending money. It's an easy, set-and-forget way to put a bit extra aside every payday.
Learn more
6
Monitor spending in real time
Every little bit counts. CashNav, our money management app, shows where you're spending your money, so you can work out where you could trim your outgoings.
Learn more
7
Text alert
Switching alerts on in Westpac One® digital banking helps you avoid going over your budget.
Learn more
8
Save on fees
Make sure you're not paying more than you need to by choosing the right accounts for you.
Learn more
9
Managing Your Money videos
These quick videos give expert advice on budgeting, saving for a deposit, working out how much you could afford and setting your home buying goals.
Watch tutorials
Calculators.
Find the best option for you with our home loan calculators.
Speak to a Home Loan Expert.
Meet with an expert
Our Home Loan Experts can come to you, at a time and place that suits you best.
Already bank with us? Apply online.
The fastest way for existing customers to apply for a home loan is in Westpac One® digital banking.
Things you should know.
1 The information above is subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time.
Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. A low equity margin may apply.