While 100% loans are still being granted, they are much fewer than before. Also, loans of 104% – 108% (loan which include costs and transfer duties) are almost unheard of today. According to Rudi Botha of Betterbond, the average deposit required for first time buyers was around 10,1% during April, which is an improvement over last year, making property a little more affordable.
The BetterBond statistics show that in April, the average percentage of the home purchase price that first-time buyers were required to pay as a deposit was 10.1 percent –less than the 15 percent required a year earlier.
(via Are you a first-time buyer?)
Of course the deposit amount required by the banks is dependent on your purchase price as well as your affordability and some other factors the banks take into account. It is always better to have a deposit ready when purchasing a property, since there is less risk for the bank if they don’t have to lend the full purchase price.