How to Start Saving for a House Deposit (Even on a Tight Budget)
Thinking about buying your first home in Dubbo but feel like it's just out of reach? You’re not alone. With day-to-day costs rising, putting money aside for a deposit can feel like a slow uphill climb.
But here’s the thing -/ if you’re looking to buy in Dubbo, it’s still possible to make home ownership a reality. With the right plan (and a few handy schemes), getting into your first home might be closer than you think.
What are house prices like in Dubbo?
As of mid-2025, the median house price in Dubbo is sitting around $590,000. That might sound like a lot, but once you factor in grants and government support, the deposit you’ll need could be less than you expect.
Let’s say you're aiming for a 10% deposit - that's about $59,000.
But here’s what could help bring that number down:
First Home Owner Grant - You might be eligible for up to $10,000
First Home Buyer Assistance Scheme - You could pay reduced or no stamp duty
First Home Super Saver Scheme - Allows you to use some of your super to boost your deposit
Combined, these can give local buyers a real leg-up.
How to Start Saving (Even If You're Not There Yet)
Saving a house deposit in Dubbo won’t happen overnight - but small, regular steps can take you a long way. Here are a few things you can start doing right now:
Open a separate savings account just for your deposit - and don’t link it to your card
Set up a weekly transfer - even $20 or $50 a week builds up
Cut back on just one weekly splurge (maybe takeaway or streaming) and redirect it to savings
Track your spending for a month - you’ll probably spot a few areas you can tweak
Use any bonuses, tax returns, or side hustle income to top it up
It’s About Progress, Not Perfection
There’s no “perfect” savings plan. Life happens - especially out here where work, family and lifestyle all juggle for your attention. But every bit you put aside gets you closer to that front door.
Dubbo has a strong local market, a great lifestyle, and it’s still a place where first-home buyers have a shot.
So if home ownership is on your radar, don’t give up on it. Start small, stay consistent, and make the most of the support that’s out there.
Want help understanding the costs, grants, or where to even begin? We’re always here to chat or point you in the right direction. No pressure - just local insight from people who know Dubbo.