More Than 10% Down Payment Needed for a Home Loan in These Postcodes


Successfully migrating to Australia is great, but being able to get your own house there takes things a step further. Such is the buzz around the latter that we here on iRemit have written extensively on the topic. From deciding between renting or buying a house to the basics of home ownership in Australia, our readership has always expressed great interest in the matter.


Thus, if you have any plans of purchasing a home in the near future, today’s news could have a significant impact on your ability to do so.


And no, it has nothing to do with the rising costs of Australian housing (though, that hurts too. Ouch). Rather, it’s about how much down payment you need to pay to secure a home loan in certain areas.


About a couple of months ago, a borrower’s’ blacklist from the National Australia Bank (NAB) enumerated about 120 postcodes where aspiring homeowners will need more than the standard ten percent deposit for home loans. The list is divided into two categories: Category A, which contains postcodes where the NAB has capped lending to property buyers at 70%, and Category B, which is comprised of the postcodes where the NAB has capped lending to property buyers at 80%.


Thus, if you are looking to buy homes in any of the following Category A passcodes, you will need to render a down payment of 30%:


1. Western Australia (WA)


6390 Boddington*

6429 Coolgardie*

6436 Menzies, Ularring

6437 Leinster, Sir Samuel

6438 Leonora, Lake Darlot

6440 Bandya, Beadell, Cosmo Newberry, Lake Wells, Laverton, Neale

6442 Kambalda East and West

6442 Meekatharra*

6646 Wiluna, Lake Carnegie, Little Sandy Desert

6710 Cane, Onslow, Peedamulla, Talandji, Yannarie

6713 Dampier

6714 Antonymyre, Balla Balla, Banynton, Bulgarra, Burrup, Cleaverville, Cooya Pooya, Gap Ridge, Gnoorea, Karratha, Karratha Industrial Estate, Maitland, Mardie, Millars Well, Mulataga, Nickol, Pegs Creek, Sherlock, Stove Hill

6716 Pannawonica*

6718 Roebourne, Whim Creek

6720 Cossack, Point Samson, Wickham

6721 Port Hedland*

6722 South Hedland*

6725 Eighty Mile Beach*

6728 St George Ranges*

6751 Tom Price*

6753 Newman

6754 Paraburdoo

6758 Nullagine

6760 Marble Bar


2. Queensland


4413 Auburn*

4415 Columboola*

4420 Baroondah*

4455 Wycombe*

4521 Mount Pleasant*

4581 Eurong, Fraser Island, Inskip, Rainbow Beach

4660 Apple Tree Creek*

4674 Oyster Creek*

4678 Bororen, Foreshores, Rodds Bay, Turkey Beach

4680 Gladstone*

4715 Mount Murchison*

4717 Blackwater

4720 Emerald, Yammala

4737 Sarina*

4738 Ilbilbie, Koumala

4740 Beaconsfield*

4741 Mount Ossa*

4742 Burton, Eaglefield, Elphinstone, Hail Creek, Kemmis, Mount Britton, Nebo, Oxford, Strathfield, Turrawulla, Valkyrie

4743 Suttor, Glenden

4744 Moranbah

4745 Cotherstone, Dysart

4746 May Downs, Middlemount

4800 Conway*

4804 Collinsville, Mount Coolon, Mount Wyatt, Newlands, Scottville, Springlands

4805 Bowen*

4820 Campaspe*


3. South Australia


5600 Whyalla, Whyalla Playford

5601 Point Lowly*

5608 Whyalla Norrie, Whyalla Stuart

5609 Whyalla Jenkins

5725 Olympic Dam, Roxby Downs NT

0885 Alyangula


4. Tasmania


7030 Brighton*

7155 Kettering

7467 Queenstown, Lake Margaret

7468 Macquarie Heads, Strahan

7469 Zeehan, Trial Harbour, Renison Bell, Granville Harbour

7470 Rosebery


If you can afford to give a down payment of at least 20%, however, then you can consider looking at the following Category B passcodes:


1. New South Wales


2000 Barangaroo, Dawes Point, Haymarket, Millers Point, Sydney, The Rocks

2008 Chippendale, Darlington

2017 Waterloo, Zetland

2019 Banksmeadow, Botany

2037 Forest Lodge, Glebe

2067 Chatswood

2112 Denistone East, Putney, Ryde

2118 Carlingford

2127 Newington, Sydney Olympic Park, Wentworth Point

2140 Homebush

2141 Berala, Lidcombe, Rookwood

2142 Camellia, Clyde, Granville, Holroyd, Rosehill

2144 Auburn

2146 Toongabbie

2150 Harris Park, Parramatta

2153 Baulkham Hills, Bella Vista, Winston Hills

2166 Cabramatta, Canley Vale, Canley Heights, Lansvale

2168 Ashcroft, Busby, Cartwright, Green Valley, Heckenberg, Hichinbrook, Miller, Sadleir

2194 Campsie

2195 Lakemba, Wiley Park

2199 Yagoona

2205 Arncliffe, Turella, Wolli Creek

2208 Kingsgrove

2209 Beverly Hills, Narwee

2210 Lungarno, Peakhurst, Riverwood

2211 Padstow

2220 Hurstville

2222 Penhurst

2566 Varroville, Bow Bowing, Minto, Raby, St Andrews

2767 Bungarribee, Doonside, Woodcroft

2769 The Ponds


2. Victoria


3000 Melbourne CBD

3004 St Kilda Road Central

3006 South Bank, South Wharf

3008 Docklands

3067 Abbotsford


3. Queensland


4000 Brisbane City, Petrie Terrace, Spring Hill

4006 Bowen Hills, Fortitude Valley, Herston, Newstead

4010 Albion

4032 Chermside,

4101 Highgate Hill, South Brisbane, West End

4102 Dutton Park, Woolloongabba

4215 Labrador, Southport


4. South Australia


5000 CBD Adelaide

5001 CBD Adelaide


5. Western Australia


6000 Perth CBD

6003 Highgate, Northbridge

6004 East Perth

6005 Kings Park, West Perth

6100 Burswood, Lathlain, Victoria Park

6103 Rivervale NT

800 Darwin


*inclusive of immediate surrounding areas

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Does your dream property fall into any of the abovementioned post codes? Tell us all about it in the comments section below.

Serena Estrella

Serena joined Remit back in 2016, and has tormented its Marketing Head constantly ever since. To get through the rigors of writing about grave concerns like exchange rates, citizenship requirements, and PH-AU news, she likes to blast Mozart, Vivaldi, ONE OK ROCK, and Shigeru Umebayashi in the background. She does a mean Merida voice in her spare time too.


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