If you’re trying to buy in Victoria without a deposit saved, the honest options are limited — and most still require you to save something. Springboard’s community-fund arrangement is built for exactly this.
Why “no deposit” is so hard in Victoria
Melbourne and regional Victorian prices mean a 20% deposit can take years to save — and even the government’s 5% scheme still requires you to save that 5% plus stamp duty and legals.
How Springboard gets you in with zero savings
- Our community fund covers the deposit and the upfront costs (legals, stamp duty).
- A normal home loan from an accredited lender covers the rest, arranged via our licensed broker team.
- You make repayments for five years — a bit above rent — then refinance and own your home.
Who qualifies
Combined income around $150k, steady employment, clean credit, Australian citizenship, full-doc income. Savings not required. First home buyers and people making a fresh start both welcome. Buy any completed home a lender will approve, anywhere in Victoria.
Check if you qualify · Why Springboard beats the alternatives
Springboard Homes provides general information only and is a facilitator — not a lender, mortgage broker, financial adviser or financial planner. This is not financial or credit advice. Government scheme details can change; confirm current eligibility and seek advice from a licensed professional.