Buy your first home with ease
It’s an exciting and nerve-wracking time when you decide to take the plunge, but getting good advice and making a smart decision can set you up for the future. We partner with first-time buyers to offer the knowledge, data and services you need to purchase your first home.
We also save you time and remove the stress associated with buying property. But, we don’t stop there. We can partner with you for the long term, helping you make a second and possibly a third property purchase as your circumstances change over time.
Our step-by-step process ensures a smooth transition into your first home.
Are you eligible for a First Home Owners Grant?
Taking the plunge into homeownership is thrilling and stressful. In the face of rising house prices and cashed up investors, getting your foot in the door isn’t easy. To get you home sooner, the Victorian First Home Owner Grant (FHOG) is giving first home buyers $10,000 if they purchase a ‘new’ home valued up to $750,000 in a metropolitan area.
For those wanting to make a tree or sea change, there’s an additional $10,000 up for grabs for ‘regional’ first home buyers, taking the total grant for regional FHBs to $20,000. That’s no small chunk of change, so, if you’ve got your sights set on home ownership, here’s 6 FHB FAQ’s we have prepared.
A foot-up the property ladder
If your parents are helping you get a foot-up onto the property ladder, you’re not alone. Surveys show that one in every three first home buyers are somewhat reliant on the ‘bank of Mum and Dad.’ Incredibly, that makes in-family financing the fifth-biggest lender after the ‘big four.’
This parental help doesn’t always take the form of money, it may be a case of you living at home, rent-free, while you save your deposit. The option of going guarantee is also a common reality, where parents use the equity in their home as a safety net for your loan.
Home is where the heart is
There are a lot of considerations to juggle when you’re in the market for your first home. Among them are factors such as cost, proximity to facilities, shifting requirements and your ability to interpret the market.
On top of this, you need to decide whether you want to buy a new or renovated home or even a fixer-upper. Location is key; look at where the property lies in relation to your family, friends, your job and your favourite spots.
Once you’ve found a property you’re partial to, it’s vital to consider all your current circumstances but also figure how your first home fits into your future aspirations and ambitions.