Apply Online
Contact Us
Hejaz Financial Services
Apply Online
Schedule a call
  • Superannuation
    • Super 1
      • Superannuation

        Become an Islamic Superannuation member and receive a $100 welcome gift card.

        Learn more
    • Super 2
      • Products
        • Islamic Superannuation
        • Islamic Pension
    • Super 3
      • Things to know
        • How we invest
        • Performance
        • Consolidating your super
        • Grow your Super
    • Super 4
      • Tools & Resources
        • Retirement calculator
        • Super FAQs
        • Super Login
  • Investing
    • Invest 1
      • Risk Profile Quiz

        Take our quick Risk Profile Quiz to find the right investment product for you.

        Get started
    • Invest 2
      • Products
        • Overview
        • Income Fund
        • Balanced Fund
        • Property Fund
        • Equities Fund
    • Invest 3
      • Things to know
        • Getting started with investing
        • 9 Golden rules of investing
        • Compounding: it’s simply magic!
        • Should you invest your house deposit?
    • Invest 4
      • Tools & Resources
        • Investment FAQs
        • Forms & Documents
  • Finance
    • Finance 1
      • Finance

        We're on a mission to help more Muslims own their own home

        Apply online
    • Finance 2
      • Products
        • Overview
        • Gold home finance
        • Flexible home finance
        • Essentials home finance
        • Deposit Builder
    • Finance 3
      • Things to know
        • Sharia compliance
        • Home finance process
        • Refinancing process
        • Investment property guide
    • Finance 4
      • Calculators
        • How much can I borrow?
        • Extra repayments
        • Stamp duty calculator
        • Offset calculator
  • Hayat Protection
    • Hayat 1
      • Hayat Protection

        Protecting everday Muslim Australian's and families.

        Learn more
    • Hayat 2
      • Products
        • Overview
        • Family Protection
        • Illness Recovery
        • Critical Care
        • Loss of Income
    • Hayat 3
      • Things to know
        • No protection? Why take the risk?
        • Plan for the unexpected now
        • Protect yourself through super
        • What’s the right cover
    • Hayat 4
      • Tools & Resources
        • Hayat protection calculator
  • About
    • About 1
    • About 2
      • Who we are
        • About Hejaz
        • Our History
        • Our People
        • Investing In Our Community
    • About 3
      • More
        • Media
        • Insights
  • Support
    • Contact 1
      • Call Us

        Available 9:00am to 5:00pm weekdays AEST/AEDT

        1300 043 529
    • Contact 2
      • Schedule a Call

        Schedule a call online with a time and day that suits you

        Schedule online
    • Contact 3
      • Help Centre

        For FAQs, useful information, resources and documents

        Explore centre
    • Contact 4
      • Contact Form

        Use our online contact form for quick and convenient responses

        Contact now
Hejaz Financial Services

Deposit Builder

Many Muslim Australians consider saving for a house deposit as one of their biggest financial challenges. See how it can be made easier.

Set a goal amount
Track your spending
Budgeting
Predictable Investment
Automatic Transfers
Get Calculating

We're on a mission to help more Muslims own their own home

Depending on where you’d like to buy, the house deposit amount you’ll need is going to be different.

Generally, you need 20% of the home purchase price for a house deposit, but in some instances, your deposit could be as little as 5% if you can pay for Lender’s Mortgage Insurance.

The average price of residential property in New South Wales is $871,800, which means an average

deposit could be $174,200. In Victoria, the average house price is $736,800 which equates to an average deposit of $147,2000 (as of June 2020 from the ABS). Your loan-to-valuation ratio will also determine how much you need for your home deposit.

Since saving for a house deposit in Australia can cause massive financial pressure, we’ve compared the most popular strategies to help you reach your goals and buy your dream home.

Step 1

Set a goal amount

Estimating how much you’ll need for a house deposit and other upfront home buying costs can motivate you, as it gives you a set figure to work towards.

To work out your goal amount, look at house prices in areas you’d like buy and use our calculator to see how much you could borrow.

Step 2

Track your spending

To get a real understanding of your spending habits, look at your transactions over the last 90 days and do a self-audit. By categorising where you spend your money, you’ll be able to see where you can afford to spend less. Even the little details are important.

Step 3

Set a realistic budget

Let’s face it, if you take away every last treat, you’re actually more likely to fall off the wagon and end up saving nothing. Pick one or two things every month that you’re not going to feel guilty about – a movie, uber eats nights, a night out – and really savour it.

With a more realistic budget, you’ll find that saving for your house deposit doesn’t feel so arduous.

Step 4

Investing in a predictable investment

Our Hejaz Income Fund offers investors with a predictable return on their invesments, giving you clarity on what you can potentially earn.

Learn more

Step 5

Set up automatic transfers to your Investment account

Setting up an automatic transfer from your bank account to your Hejaz Income Fund account every payday takes away a lot of the effort and means you’re less likely to spend your savings on everyday purchases.

Step 6

Get calculating

Use the calculator and see how the Deposit Builder™ can grow your home deposit.

Grow your deposit

Apply Online

For general information, documents & forms, support and FAQs

Visit the Help Centre
Hejaz Logo

Need help? We’re
always here to
answer your questions

Resources

  • Media
  • Contact us
  • Knowledge Base
  • Insights
  • Important Documents

Products

  • Superannuation
  • Investments
  • Home Finance
  • Hayat Protection
  • Pension

Hejaz Financial Services © 2022 / All Rights Reserved

Hejaz Capital Pty Ltd ABN 44 161 857 478 T/As Hejaz Financial Services is a Corporate Authorised Representative of Hejaz Financial Advisers Pty Ltd ABN 49 634 683 613 AFSL 517686

Refer a Friend
Privacy Policy
Legal Notices
FSG
Schedule a Call
Knowledge Base
Apply Online

Call us: 1300 043 529