First home buyer

Purchasing your initial property is a huge and significant step, and finding the right mortgage is just as crucial as picking the property. That’s where we come in – to give you all the guidance and information you need. Our skilled brokers are on hand to clarify the variety of mortgage options out there, walk you through the application details, and help you with budgeting and planning for your new home.

Our team is here to assist with

• Exploring the various mortgages you can choose from
• Calculating how much you’re able to borrow and what size deposit you’ll need
• Understanding the features of home loans and their advantages for you
• Keeping you informed about current interest rates and potential changes down the line

Most First Home Buyers are eligible for the:

• Family Home Guarantee for Single Parents who have not owned their own home for 10 years with 2% deposit. (Male parents are eligible too!),
• First Home Guarantee – 5% deposit for first time buyers. Gifts and family guarantee can be considered too.
• Check out the official government website to help you understand the policies. https://www.housingaustralia.gov.au/home-guarantee-scheme-participating-lenders

Did you know that if you didn’t qualify for the Home Guarantee Scheme because you earned over the threshold or you have owned a home before, there are still alternatives. Here is how it can work for you.

• You can use this product as long as you don’t have another property in your name.
• There is no limit to how much you can earn
• You only need 2% genuine savings as the application fee – min is $11,000 (up from $10,000 last year).
• You get a free buyers agent worth $13,000 who will help you find what you want within the budget you want. They will pay for your building and pest inspections as well.
• You can borrow up to 100% of the property

• • 80% of the loan is through one of the approved banks – 5.64% as of June 2025, which is one of the lowest rates on the market
  • The other 20% is through another lender that guarantees you will pay less than LMI
  • The lower your LVR, the lower your interest rate and it is automatically adjusted as you pay it off.

• You don’t need to pay stamp duty if you are a first home owner
• You do need to pay stamp duty if you are not a first home buyer or it is an investment property – depending on the state. Please check with your conveyancer in that state.
• You can qualify as a permanent resident.
• No early repayment and exit fees. You can buy the property as an investment.
• You do need to pay conveyancing and other purchase costs on top
• The maximum amount above 80% is $350k, which works out to be $1.75mil purchase price.