u/thelawyerinblack

Hi everyone,

I'm in a position (as a FHB) where I can put down 20% towards an $800k property in the next 12 months.

My serviceability checked out, but I am planning on getting reassessed in the next few months as I aim to change jobs and increase my income.

I'm wondering whether I should take advantage of the 5% deposit scheme and have the rest available in offset if needed, or if I should put down the whole 20%.

What are the pros and cons of putting down 5% versus 20%, if you have 20% available?