Pick your capital city
A 20% deposit on the median house is
$237,292
If you cut out some of your little guilty spends, you could have your deposit in:
Uber Eats when you’re too
lazy to cook
66
years
Streaming subs you forgot about
1,236
years
A glass of chardy
143
years
Gym classes you skipped
330
years
Plants you’ve let die
1,186
years
Books you’ll never read
1,582
years
Your weekly cheeky punt
91
years
Your daily oat flat white
183
years
See assumptions
TL;DR your avocado toast isn’t the problem
It’s almost impossible to save your way to a median house deposit. No matter what you might have heard, your avocado toast and lattes are not the problem.
A word from our founders
Hey there,
OwnHome was born when we realised how damn hard it was for us and our siblings to buy a home. Why? The amount of money that is required for a 20% housing deposit in Australia these days.
We quickly discovered that we were not alone. Like us, millions of Australians with good, steady careers and incomes still cannot cover the cost of a home deposit.
And it’s not because we’re not financially responsible or good savers. The amount of money required for a 20% deposit has skyrocketed, while wage growth has been extremely slow.
This means that, for people in our position, it now takes, on average, over ten years to save for a home deposit on personal income alone. By comparison, in 1970, the average working Australian could expect to purchase a home after just two years of full-time employment.
So how does anyone buy a house today? Well, more than 60% of first-home buyers in Australia have access to ‘the Bank of Mum and Dad’ to help fund their initial home loan deposit. But what about the 4.5 million Australians - like us and our siblings - who don't have access to intergenerational wealth? It’s even harder to get a foot on the property ladder.
As house prices keep increasing, saving that 20% deposit that the banks want just seems less and less attainable. We felt like the longer we saved, the further away the finish line got. And that isn’t fair. Like many people, we were stuck renting when we wanted to own our homes and access the long-term benefits and security that come with it.
So, we set out with the goal to create a new and accessible pathway to homeownership - without the requirement of hundreds of thousands of dollars upfront. The response we’ve received has been incredible—over $13B+ worth of applications in a year, a community of trusted customers, and the backing of Australia’s leading home loan lenders and investors: NAB Ventures, CommBank’s X15, Square Peg, Hostplus and more.
We're building an experienced, hopeful and determined team dedicated to making Australian homeownership more accessible.
This is our life’s mission. Because everyone should have the opportunity to build a life they love in the safety and security of their own home.
We're glad you're here,
James & Tim
P.S. we can’t wait to see you put up that sold sticker!
OwnHome was born when we realised how damn hard it was for us and our siblings to buy a home. Why? The amount of money that is required for a 20% housing deposit in Australia these days.
We quickly discovered that we were not alone. Like us, millions of Australians with good, steady careers and incomes still cannot cover the cost of a home deposit.
And it’s not because we’re not financially responsible or good savers. The amount of money required for a 20% deposit has skyrocketed, while wage growth has been extremely slow.
This means that, for people in our position, it now takes, on average, over ten years to save for a home deposit on personal income alone. By comparison, in 1970, the average working Australian could expect to purchase a home after just two years of full-time employment.
So how does anyone buy a house today? Well, more than 60% of first-home buyers in Australia have access to ‘the Bank of Mum and Dad’ to help fund their initial home loan deposit. But what about the 4.5 million Australians - like us and our siblings - who don't have access to intergenerational wealth? It’s even harder to get a foot on the property ladder.
As house prices keep increasing, saving that 20% deposit that the banks want just seems less and less attainable. We felt like the longer we saved, the further away the finish line got. And that isn’t fair. Like many people, we were stuck renting when we wanted to own our homes and access the long-term benefits and security that come with it.
So, we set out with the goal to create a new and accessible pathway to homeownership - without the requirement of hundreds of thousands of dollars upfront. The response we’ve received has been incredible—over $13B+ worth of applications in a year, a community of trusted customers, and the backing of Australia’s leading home loan lenders and investors: NAB Ventures, CommBank’s X15, Square Peg, Hostplus and more.
We're building an experienced, hopeful and determined team dedicated to making Australian homeownership more accessible.
This is our life’s mission. Because everyone should have the opportunity to build a life they love in the safety and security of their own home.
We're glad you're here,
James & Tim
P.S. we can’t wait to see you put up that sold sticker!
Our values
Authenticity
No tricks. No catches. No hidden fees. Just a simple path to homeownership.
Anti-fragile
If there is one thing that is certain, it’s that the world is uncertain. We take the long hard road, over the short easy road.
Relationships > transactions
This is a relationship, not a transaction. You’re not a number at OwnHome. You’re a person.
Customer first
Homeownership is tricky, but we’re in your corner every step of the way. We get to know you and your unique situation.
Lead with trust
Your home is one of the most important decisions you’ll make in your life. We strive to earn and keep your trust.
Ready to join a team of brilliant, experienced and mission-driven people?
See open positions
