Buying a home with a partner is a great way to positively affect your futures together. Whether it’s a unit to rent out, or a home to live in, you’ll both reap the rewards of getting a foot on the property ladder. We’ve got some advice to help make this process super easy.

Credit scores

Before looking at homes, or setting a budget, first check out your credit scores. There’s lots of online tools that are free to use and which give you your credit score straight away. By knowing your credit scores you’ll be able to see if you’re sitting pretty for a home loan. Just having this peace of mind will help you feel confident when speaking with a lender.

Ditch the debt

Before you start stashing the cash, speak openly with each other about your financial commitments. Do either of you have any credit cards or personal loans to clear? By removing some of your liabilities you’ll be able to save a bigger deposit without spending money on interest. This will save you lots of money in the long run.

Save together

It can pay to open a joint saving account and to agree on a savings goal. By saving together you’re more likely to stick to the plan and you’ll save money on account fees with just one account too. Win-win!


Discuss your job security, income and how much you’ll both be comfortable spending. A lending specialist can help you determine your budget and what your repayments will be each month.

Negotiables and non-negotiables

Have a chat together about what you both want in a house. Do you want room to have a pet? Do you want to renovate? Check out suburbs that you both like and remember to choose areas which will make it easy for you both to get to work and see friends and family.

Written agreement

Sometimes it can help putting pen to paper. List out your savings goal, your budget, what suburbs your like, what you need in a house, and then use this to search. If one of you is putting in a bigger deposit it can pay to speak to a legal professional who can get a document drawn up to protect you both.


The Government First Home Owner Grant (FHOG) is really useful to get that extra help when saving for a deposit. If you both haven’t owned a house before, check out the website and apply for the grant when you apply for your home loan.

Couple getting keys for new home 

If you’re at the start of your savings journey or you’re ready to buy – we’ve got lending specialists that can help you out. You can chat to us 24/7, just give us a call.

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The information provided is intended as general information only and may not be appropriate for you. This information does not take your personal objectives, circumstances or needs into account and you should obtain financial and legal advice before making any decisions. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, before deciding. 

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Except for Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian Credit Licence 241195, trading as RACQ Bank (RACQ Bank), any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.