Your First Home, Made Simple

Grants and Schemes That May Help You Buy Sooner

State and federal governments offer a range of incentives for eligible first home buyers. These can include:

• First Home Owner Grant (FHOG) – a one-off payment available in most states for new builds
  
• First Home Guarantee (FHBG) – buy with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI)
  
• Stamp duty concessions – many states reduce or waive stamp duty for first home buyers under certain thresholds
  
• Help to Buy Scheme – a shared equity option for eligible buyers (subject to availability)
  

Eligibility varies by state, property value and purchase type. We help you identify what you qualify for and factor it into your overall plan.

Understanding Your Loan Options as a First Home Buyer

There’s no single ‘right’ home loan – the best structure depends on your income, goals and how much flexibility you need.

Common options we explain and compare for you:

• Variable rate loans – repayments move with the market; often include offset and redraw features
  
• Fixed rate loans – lock in a rate for certainty; useful if you’re budgeting tightly
  
• Split loans – part fixed, part variable; balances stability with flexibility
  
• Low deposit loans – available for buyers with 5-10% deposit, subject to LMI or scheme eligibility
  

We walk you through each option clearly, so you understand the trade-offs before you commit.

How it works in 3 simple steps

A clear path to your first home.

1. Understand your goals & borrowing power
   We start with a simple conversation to understand your plans, your timeline and what you can comfortably borrow.
   
2. Compare lenders & secure pre-approval
   We research and compare a wide range of lenders, outline your best options clearly, and help you secure pre-approval quickly.
   
3. Apply, settle & move in
   Once you find the right home, we manage the full loan application, coordinate with all parties, and support you right through settlement.

A simpler, clearer first-home journey — with guidance whenever you need it.

What first-home buyers should know before applying

• Your borrowing power isn’t just your income. Lenders assess expenses, liabilities, credit score and future interest rates.
  
• A pre-approval helps you make stronger offers. It shows agents you’re serious and gives you a clear budget.
  
• Your deposit size affects your options. You may be able to buy with as little as 5% depending on lender and scheme eligibility.
  
• Grants and incentives can boost your buying power. Each state offers different schemes for first-home buyers.
  

Loan features matter. Offset accounts, redraws and repayment types can impact your long-term finances.

Repayment Calculator

Use our simple calculator below to estimate your repayments. It’s quick, accurate, and completely obligation-free.

Just enter your desired loan amount, interest rate and term to get started. For a tailored quote, feel free to contact our brokers directly.

FAQs for First-Home Buyers