Becoming a first home buyer

Buying your first home is an exciting, but big step to take and one that comes with many questions and decisions. The first big question is how much you can borrow and what your likely repayments will be.
That’s where we can help, we’ll do the legwork for you. We can compare home loans across a variety of products available from Australia’s leading lending institutions.
And because you’re a first home buyer, you may be eligible for a first home buyer grant. This grant may be available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. As grant conditions vary from state to state, contact us to find out more about eligibility requirements in your state and how much grant money you could receive.
We will also liaise with the lender. It’s our job to do the hard work and you can focus on finding the right home for you. We’ll be there every step of the way to guide you through the entire home loan process – from application to approval.

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A general First Home Buyer FAQ guide

Everyone’s financial situation is different. Contact us now — we’ll help you work out the numbers based on your individual details.

Use our guides on loan features and types to explore the most common options. There are hundreds of loans out there — speak to us today.

Typically between 5% – 10% of the property’s price. Get in touch to talk through your deposit options with our friendly team.

Use our Repayment Calculator for a quick estimate. With so many loans available, let us help you compare and choose what suits you best.

Lenders generally offer flexible choices. Making more frequent payments than monthly could reduce your loan term and the interest paid.

It’s a benefit for eligible Australian citizens or permanent residents buying their first home to live in. Contact us to see what applies in your area.

Buying property includes a range of costs. To plan ahead, here are the typical expenses you should consider:

Stamp duty — This is usually the largest cost. It varies between states and depends on the purchase value. Use our calculator to estimate.

Legal/conveyancing fees — Usually around $1,000 – $1,500. This covers legal steps like title searches during the home buying process.

Building inspection — Should be done by a structural expert before you buy. The inspection protects you from hidden issues and can cost up to $1,000.

Pest inspection — Make sure the property is free from termites and other pests. Expect up to $500 depending on the size. Usually paid at settlement.

Lender costs — These include set-up and admin fees. Lender costs are usually $600 to $800. We’ll give you exact figures for your chosen lender.

Moving costs — Remember to include the cost of hiring movers if you’re not moving everything yourself. It can vary, so plan ahead.

Mortgage Insurance costs — If your loan is more than 80% of the home value, you’ll need Lender Mortgage Insurance. You may also want protection cover.

Ongoing costs — Strata fees apply to some properties. Be ready for council rates, water rates, loan repayments, and insurance for your new home.

Need a home loan?


Whatever your circumstances, we will look for a loan that’s right for you, not the lender. Send through a quick enquiry and we will be in touch.

Speak to us today