First Home Foundations Kit
Resources
Empowering Your First Home Buying Journey with Essential Tools and Guides
A comprehensive graph showing the projected costs over a 30-year timeline of weekly mortgage repayments vs weekly rent.
The Weekly Repayment Matrix is a comprehensive tool designed to guide First Home Buyers in navigating their financial journey towards home ownership. This matrix showcases a variety of loan amounts and interest rates, tabulated to present weekly repayment figures.
The Finance Ready Plan is a straightforward checklist for First Home Buyers to help them get their finances in order before talking with banks and lenders. This easy-to-use guide aims to help First Home Buyers increase their chances of getting their home loan approved.
FAQ
It seems a simple question to answer but believe it or not, the answer is quite complicated as deposit amounts will vary based on property prices in location, eligible grants, and your individual circumstances.
We’ve helped first home buyers to enter the property market with savings from as low as $10,000. Getting a loan from any bank means that you will need a deposit; we help to determine how much. Typically, a bank will take into account 3 major areas when assessing you for approval:
Your personal circumstances
The block of land you are purchasing
The house you intend to build on your block of land
The government offers several schemes and grants designed to help first home buyers get into the market sooner. Whether you qualify depends on things like your income, whether you’ve owned property before, and the type of property you’re buying.
Some examples include:
First Home Owner Grant (FHOG) – a lump sum payment that can go straight toward your purchase.
Home Guarantee Scheme – lets you buy with a smaller deposit (as little as 5%) without paying Lenders’ Mortgage Insurance.
Stamp Duty Concessions – big savings on upfront costs depending on the state you’re buying in.
The rules can be tricky, but the good news is we’ll assess your situation and show you which grants and schemes you qualify for and how to stack them together to get the maximum benefit.
This is the hurdle most first home buyers worry about but the answer isn’t as big and scary as you might think. The deposit you’ll need depends on the property you’re buying, the lender’s requirements, and whether you’re eligible for government support.
With the right strategy, you can get into your first home with as little as $10,000 saved. That’s because schemes like the Home Guarantee Scheme and grants like the FHOG can significantly reduce what you need upfront.
Think of it this way: instead of aiming for a one-size-fits-all “20% deposit,” we’ll help you work out the exact figure based on your circumstances. For many of our clients, that number is far more achievable than they expected.
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