The answer to this question will vary depending on your current financial situation and your potential borrowing capacity. Most lenders will, as a minimum, require a deposit that is equal to 5% of the property purchase price (for those that have a stable form of employment, adequate income and a good credit report). For example, if you were looking to buy a property worth $500,000, you’d need a minimum deposit of $25,000 (equal to 5%). However, if your deposit is less than 20%, you may be required to pay for Lender’s Mortgage Insurance (LMI).