Saving for a deposit can be hard. Depending on your salary, weekly expenses and taste for austerity, saving may be an uphill battle.


On the other hand, it may be much easier than you think.


The following four property investors come from different backgrounds, yet they all share one thing in common. They were able to come up with enough cash to fund a first deposit and get their investing started.





Co-founder of, Nathan Birch, came out of nowhere to become one of Australia’s most talked about property investors. Hailing from a blue-collar working family in Sydney’s western suburbs, Nathan became interested in property investing at the tender age of 13.


After leaving school, Nathan worked two jobs in order to save his first deposit. He sold advertising during the day while working at a pub at night and on weekends. At a certain point he also sold his car, using the money from the sale as a deposit.


He didn’t follow the path of his peers. He chose a lifestyle of delayed gratification in order to save every cent he could for investing. He even fed himself lunch for “a dollar a day” by buying lunches in bulk with his co-workers.


He bought his first property at 18 and continued to work hard, purchasing over 200 more properties by the age of 31.



Other half of Binvested, Daniel Young, says he used to spend 120 per cent of his after-tax dollars. Being self-employed, he had never separated his earnings into an income. It wasn’t long before he had accumulated $40,000 of bad credit card debt.


At the age of 25, he realised that this had to stop. After deciding to build lasting wealth through property investing, Daniel changed his financial habits with the goal of saving his first deposit.


He began to pay himself an income and developed weekly savings targets. He even set up a bonus system and kept track of any extra savings he achieved.


By cutting out luxury expenses but still living a comfortable lifestyle, Daniel was able to save around 80 per cent of his after-tax dollars. This change in lifestyle enabled him to save a deposit within four years.




28 year old Customer Service representative for Binvested, Kate Pokorny, underwent a dramatic lifestyle change in order to fund her first property investment. As a young woman living with her parents, Kate didn’t have huge expenses. However, Kate often treated herself to life’s small luxuries and thus found it difficult to save.


After being hit by a massive reality check, Kate realised that, she wouldn’t have much to show for her hard work later on in life. She cut back on spending and managed to save enough money for her first deposit in just 18 months.


Kate has struck a balance in her spending that allows her to build wealth while living the lifestyle she desires. Just 10 months after buying her first property she has saved enough to be able to buy again.




Customer Service Manager for Zinger Finance, Yesim Sepek,  started her investing journey with an ambitious plan. In order to buy a property in Sydney, she needed to think outside the box.  Together with her younger sister Derya she decided to would buy an old home in Western Sydney. The plan was to knock it down and subdivide it, before building two new townhouses. The eventual sales of the townhouses are expected to generate an estimated $300,000 profit (after expenses).


To get the foot in the door, the girls borrowed the $60,000 from their mother as a deposit. They intend to pay the loan back after the eventual sale of the property in an estimated 12 months time and split the remainder to continue investing.


By thinking outside the square, at just 25, Yesim used borrowed money to create wealth, quicker than she would otherwise have been able to save it.




There is no hard and fast rule as it depends on what you want to achieve. Do you just want a property now, for the sake of it? Or do you want a stepping stone which will launch a high performing property portfolio? If so, what will this look like 10 years from now?


As such what strategy will you use and what property best suits your needs? How much will this property cost? Should you avoid lenders mortgage insurance, or is it acceptable as part of your strategy to get you across the line?


These are all questions you should ask your property and finance strategists to determine what property you need, how much it will cost and what deposit you need.




1)     Develop an investing strategy to identify what you are aiming for
2)    Talk to a finance strategist to find out how big a deposit you will need
3)    Assess your savings capacity by laying out a budget
4)    Find ways of reducing or even cutting out certain expenses. Manage the short-term pain of delayed gratification by reminding yourself of the long-term gain you are achieving.
5)    Engage a financial planner to find out the best way to get to your goals sooner.
6)    Think outside the square and look at your options, do you have equity in your home or a family member who would be willing to provide financial help? Can you downgrade your car or sell a boat to get that deposit?