Can I save a house deposit in 18 months?

Short answer: Yes. Need ~$385/week for $30,000 deposit. Requires aggressive saving and discipline.

What this actually means in plain English

Yes if you save aggressively. For a $30,000 deposit (5% of $600,000), you need to save $1,667 per month or $385 per week. That is hard but possible with discipline. Cut discretionary spending, take extra work, or move somewhere cheaper. Use a separate savings account so you cannot touch it.

Key Facts

$30,000 in 18 months = $1,667/month or $385/week
Requires significant spending cuts or extra income
Separate savings account prevents spending
KiwiSaver contributions count toward total
Consider cheaper areas to reduce deposit target

Example

Target: $30,000

Weekly Required: $385

Monthly Required: $1,667

Kiwi Saver Contribution: $200/month

Savings Needed: $1,467/month from other sources

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