I would never ever recommend someone finance 100% of their home. That is a good example of what has happened in the US. People have borrowed 100% of the value of their homes, expecting they would be OK, but along came a recession. Many people losing their homes, and the sale value not matching what is owed on the property. In the US people dont go bankrupt and can effectively walk away from a failed purchase. In Oz, it can haunt you for years. Easy for me to say I know because my debt is only 30% of my home value and easily managed. I agree for young people buying into the market today it would be terrifying. If you are deperate to buy a home, look at Melton or some of the outer suburbs.