deposit after offer acceptance

hello!
what is usually the normal deposit amount after acceptance on signing a O&A for an established house at 550k?
is 10 grand a normal amount that goes to the trust account?

 

Holding deposit ?
The contract will usually stipulate deposit of 5% or 10% of purchase price

 

yes holding deposit that need to be paid within a week after the offer price is accepted .. i offer a 540k for the house but they are only asking for 10k ... balance to be paid at settlement

 

Different states have different norms. Guessing you might be in qld?

 

In WA I paid $10k

 

If this is for WA there is no set percentage and the amount is negotiable and often quite low in comparison to other states.
$10k would probably be acceptable for that price range.

 

In the quieter days in WA I used to be fine buying with a $1k or $2k deposit and I remember one was even $500.

 

$10k on a ~$500k property in WA seems normal. The RE Agent would normally suggest this amount or higher as it would be close to their commission on the sale.