Five money hacks to speed up saving for a house deposit

If you want to buy your first home, you’re going to need a deposit – a big one, especially if you live in Sydney or Melbourne.

There are several things you can do to bring the goal of home ownership a bit closer. You can take advantage of the various federal and state government grants, schemes and incentives on offer. You can find ways to grow your income, such as getting a pay rise or promotion, or taking on additional hours. Or you could take the old-fashioned approach of serious saving.

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Five money hacks to speed up saving for a house deposit