First Home Buyers

Top First Home Buyer Tips And Advice From The Expert

personOtto Dargan access_timeAugust 30, 2021

When it comes to purchasing your first home, there are many things to consider and lots of decisions to make. It can be easy to overlook the most important parts of the process, so here are six first home buyer tips to keep in mind. Tip No. 1: Talk To Your Parents Getting...

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The 6 Biggest Mistakes First Time Home Buyers Make

personOtto Dargan access_timeAugust 26, 2021

Buying a home is one of the biggest purchases you will ever make. Yet, over and over again, we see first home buyers make the same mistakes along the way. We want to help you get it right. So, here are the six biggest mistakes many first time home buyers make and you should...

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First Home Loan Deposit Scheme Adds 30,000 Places, Raises Price Caps

personOtto Dargan access_timeJuly 1, 2021

The price caps for homes purchased under the First Home Loan Deposit Scheme (FHLDS) have been raised by $100,000 or more across most states and territories barring the ACT, where they remain unchanged. Given the strong growth in property prices this year, this is welcome and...

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Where, What And Who Is Using The FHLDS?

personOtto Dargan access_timeDecember 2, 2020

An interactive map-tool launched by the NHFIC lets first home-buyers see where people are buying their first homes, their ages, income, and deposit saved. The tool aids buyers make a better purchase decision. The NHFIC rolled out the First Home Loan Deposit Scheme (FHLDS) to...

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NSW Stamp Duty Changes: What Are The Benefits?

personOtto Dargan access_timeNovember 19, 2020

The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront, it would be replaced by an annual land tax. Stamp duty is a government tax paid when you buy a property. First...

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First Home Loan Deposit Scheme: 10,000 New Places Added

personOtto Dargan access_timeOctober 7, 2020

The federal government added another 10,000 new places under the First Home Loan Deposit Scheme for new homes also known as the New Home Guarantee for first home buyers looking to purchase a new home or a newly built home. Also known as the FHLDS New Home Guarantee, eligible...

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$1 LMI For First Home Buyers

personOtto Dargan access_timeJuly 17, 2020

A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of the property value.  The $1 LMI offer for first home buyers offer is effective from 13 July 2020.  One of the pain points for a first home buyer...

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First Home Loan Deposit Scheme: How To Secure Your Spot?

personOtto Dargan access_timeJune 26, 2020

It came as no surprise that first home buyers quickly snapped up all 10,000 places of the First Home Loan Deposit Scheme during the last financial year. Under the scheme, first home buyers with a 5% deposit saved anywhere between $10,000 and $30,000 in LMI fees based on the maximum...

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How The First Home Loan Deposit Scheme Is Helping Millennials?

personOtto Dargan access_timeMarch 10, 2020

The Great Australian Dream is still alive for millennials in Australia, with 94% citing homeownership is important to them. A recent Genworth survey revealed that a majority of millennials want to buy a home as it provides them with stability and security. Unfortunately, for...

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27 Lenders Announced For The First Home Buyer Scheme

personOtto Dargan access_timeDecember 12, 2019

The National Housing Finance And Investment Corporation (NHFIC) has announced its full panel of lenders who’ll be offering the First Home Loan Deposit Scheme. Commonwealth Bank (CBA) joins National Australia Bank (NAB) as the second major participating bank in the government...

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