First home buyer mortgage broker in Werribee
Renting in Werribee and wondering if you can actually buy here? You probably can, sooner than you think. I've helped 67 first home buyers buy in Werribee, more than in any other suburb, and most of them were couples on two incomes.
By Jacob Williams · Updated
- first home buyers settled
- 156first home buyers settled
- median starting deposit
- $52kmedian starting deposit
- bought in Werribee
- 67bought in Werribee
How much deposit do we need to buy in Werribee?
With the 5% deposit scheme, a lot less than 20%. Here's what it looks like at Werribee's typical prices (OpenAgent, 3 months to October 2026):
| Typical price | 5% deposit | 20% deposit | Stamp duty (first home buyer) | |
|---|---|---|---|---|
| Unit or townhouse | $446,000 | $22,300 | $89,200 | $0 (under $600,000) |
| House | $650,000 | $32,500 | $130,000 | Reduced (between $600,000 and $750,000) |
- Property
- Unit or townhouse
- Typical price
- $446,000
- 5% deposit
- $22,300
- 20% deposit
- $89,200
- Stamp duty
- $0 (under $600,000)
- Property
- House
- Typical price
- $650,000
- 5% deposit
- $32,500
- 20% deposit
- $130,000
- Stamp duty
- Reduced (between $600,000 and $750,000)
On top of the deposit you'll need money for conveyancing, building and pest inspections and the bank's fees. With the 5% scheme there's no lenders mortgage insurance to add.
What Werribee couples usually start with
The median deposit across all 156 of my settled first home buyers was $52k. That's enough for 5% on a Werribee house with room left for costs.
Which schemes usually fit in Werribee
- 5% deposit scheme: Werribee prices sit well under the $950,000 Melbourne cap, and there's no income cap for couples any more.
- Stamp duty: units and most townhouses come in under $600,000, so no duty. Houses usually land in the reduced band.
- First Home Owner Grant: $10,000 if you buy or build brand new, up to $750,000. Worth a look in the newer estates.
A Werribee couple I helped
A Werribee couple, both working, renting near the station, had $38k saved and thought they were two years away. They'd been told they needed 20%. With the 5% deposit scheme they bought a three-bedroom townhouse in Werribee for $560,000 with $33,000 down. There was no lenders mortgage insurance, and no stamp duty because it came in under $600,000. The rest of their savings covered conveyancing and inspections.
Getting around
Werribee is on the Werribee line, with trains through Footscray to the city. If you drive in, the Princes Freeway and the West Gate Tunnel get you to the CBD without the West Gate Bridge.
Questions Werribee couples ask me
Can we buy in Werribee on two incomes under $200,000?
Often, yes. A unit or townhouse is well within reach for many couples in that range. Your debts and spending matter as much as your income, so run the check first.
Do you meet people in Werribee?
Yes. I'm based in Yarraville and come to you, or we can talk by phone or video.