Build with a
low deposit.
A low-deposit build lets you start a new home with around 5 percent down instead of 20, using the First Home Guarantee or Keystart. On a landed build from $329,854, that is roughly $16,493 before land. The Property Plug's in-house finance arm checks which path fits you. We are paid by the builder, never by you.
Last updated June 2026. Deposit figures are illustrative only. Confirm current scheme eligibility and caps with our finance arm.
Three routes let eligible buyers build with less than the standard 20 percent. The right one depends on your income, whether you are a first home buyer, and the property price.
| Path | Typical deposit | Best for |
|---|---|---|
| First Home Guarantee | From about 5% | Eligible first home buyers, no lenders mortgage insurance |
| Keystart (WA) | From about 2% to 5% | Lower-income buyers, no lenders mortgage insurance |
| Standard low-deposit loan | About 5% to 10% | Buyers outside scheme caps, insurance usually applies |
Scheme places, income caps and property price caps change. Treat the figures above as a guide and confirm current settings before you rely on them.
- First home buyers who can service a loan but have not saved a 20 percent deposit.
- Renters paying off someone else's mortgage who could service their own.
- Lower-income households who may qualify for Keystart's reduced deposit.
- Buyers wanting to enter sooner rather than save for years while prices move.
A smaller build estimate means a smaller deposit. These eight suburbs carry the lowest indicative build estimate on our panel, a guide only that excludes land.
IndicativeEstimate only, not a quote or an offer. Figures combine a home design starting price with the suburb siteworks and do not include land. Designs, builders, land and pricing change and are subject to availability. We confirm a fixed price with your matched builder on enquiry.
Independent and on your side. We are paid by the builder, never by you.
What is a low-deposit house and land package?
A low-deposit package lets you build a new home with a deposit below the usual 20 percent, often around 5 percent, by using lenders mortgage insurance or a government guarantee. On an indicative build estimate from $329,854 excluding land, a 5 percent deposit is roughly $16,493, though land cost is on top. This is general information only, not credit advice.
How can I build with a 5 percent deposit in WA?
Eligible first home buyers can build with about 5 percent through the First Home Guarantee, which waives lenders mortgage insurance on a limited number of places each year, or through Keystart, WA's low-deposit lender. The Property Plug's finance arm can check which you qualify for. Confirm current eligibility and caps before relying on any figure.
Do I still pay lenders mortgage insurance on a low deposit?
It depends on the path. Under a government guarantee scheme the insurance is waived, which can save thousands. On a standard low-deposit loan, lenders mortgage insurance usually applies and is added to the loan. The Property Plug can model both so you see the real cost of each. This is general information only.
Which suburbs suit a low-deposit build?
Lower landed build costs make the deposit smaller, so the cheapest corridors are easiest to enter. Across our 102 priced suburbs, builds start from $329,854 in Atwell. We are paid by the builder, never by you.
This is general information only and does not take into account your objectives, financial situation or needs. It is not credit assistance or a credit quote. Consider whether it is right for you and seek advice. Finance is arranged through Central Lending Solutions, the licensed credit partner The Property Plug works with (Australian Credit Licence or credit representative number [TBC]).
Check your deposit path
One free finance call maps the First Home Guarantee, Keystart and standard low-deposit options against your situation, plus a fixed build price for your block.