Loans for first home buyers
Ready to buy your first home but not sure where to start?
There’s a lot to consider when buying your first home, so it’s best to turn to the experts. We’ll help you navigate the home buying process with confidence and ease.
The bigger the deposit you have, the better. Not just for lenders considering your loan application, but also for you, as the less you have to borrow, the lower your repayments will be!
FIRST HOME OWNERS GRANT
Do your research to fully understand the FHOG entitlements in your state or territory. It’s a great initiative, but if you’re not a genuine contender for the grant you could be asked to repay it, plus penalties.
KNOW YOUR COST
The true cost of buying a home goes well beyond the purchase price. Things to consider include stamp duty, conveyancing, pest and building inspections, strata reports, loan fees, insurance and utilities.
GET YOUR LOAN
GET THE RIGHT LOAN
Not only are there hundreds of loans to choose from, some are marketed using names and descriptions that don’t really say much about the loan and how it works.
There’s a lot riding on your home loan application, and the more prepared you are, the more likely you’ll receive the thumbs up from a lender.
Get auction-ready with a conditional loan approval. Our home loan specialists will help you work out what loan is right for you – and can even start filling out your application.
BUYING YOUR HOME
Auctions can offer big advantages – like the chance to secure your dream home at a price that truly reflects its market value. But successful buying at auction calls for some additional work behind the scenes, and knowing what you’re up against is crucial in mastering the auction game.
PREP YOUR CHEQUE
When you make the winning bid at an auction you immediately enter into a binding contract. There is no cooling off period (so it pays to have your home loan pre–approved). During this time it is expected that you pay a deposit – usually 10% of the sale price.
The average settlement period is between 4–6 weeks, so if you’re relocating to a new home it can be a busy period with plenty to plan for like moving furniture, organising a new school for the kids and maybe even a new job.
These calculators will provide you with a solution which may assist you when considering purchasing a property.
ARE YOU READY TO TAKE THE NEXT STEP?
We’ll guide you, giving you the ins and outs of each loan, so you can make a more confident decision.
WHAT OUR CLIENTS SAY
We’ve helped thousands of Australians finance their dreams
"As first home buyers we knew nothing about buying property let alone financing it. Richard guided us step by step through the whole process. His banking experience and product knowledge left us feeling confident and comfortable with the decisions we made. Definitely be recommending to all our friends and family. Thankyou"
- Probst & Travis
"Richard's communication and dedication to his role is outstanding, proactively checking in with us through the process to make sure we understand everything and to answer the numerous questions we had quite often. We will be keeping in touch periodically moving forward to ensure we're getting the best setup for our loans. Thanks Richard"
- Everitt & Jinks
DON'T FORGET INSURANCE
Should you be unable to service the loan repayments through illness, injury or death, be sure you have the right insurance cover.