Is now a good time for first or potential home buyers? With Joel Gibson
Restart your 2020 with our Mortgage Minute, we answer the most common questions to get you into your home sooner.
I'm a first home buyer, what help can I get?
How much deposit do I need to save?
Do I need home loan pre-approval?
What grants and schemes are available for first home buyers? With Joel Gibson
Ready to buy your first home? These grants may help you
Stamp duty concessions
Stamp duty is one of the upfront costs that apply when you buy a home. State Governments offer concessions and exemptions on stamp duty to first home buyers. See if you're eligible and what your stamp duty would be today.
HomeBuilder program: $25k cash grant
Kickstart your 'dream' home with a $25K cash grant under the federal government’s newly announced HomeBuilder program. Find out more and see if you're eligible.
2020 First Home Loan Deposit Scheme
The new government scheme for first time buyers allows approved applicants to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. Spots are limited, find out if you're eligible today.
WA: $20k 'Building Bonus' Scheme
Looking to make a fresh start in a new home? The WA Government has announced this $117 million scheme. Owner-occupiers, first home buyers and investors who build a new house could be eligible for this huge $20,000 grant!
NT: BuildBonus & Home Renovation grants
If you're looking to build or buy your home in the Northern Territory, you could be eligible for a $20,000 building grant or $10,000 renovation grant. Find out how you could benefit here.
NSW: Stamp duty scrapped for eligible first home buyers
The NSW Government has announced it will temporarily axe stamp duty on newly build homes under $800,000 until August 2021. Find out if you're eligible today.
First Home Owner Grant
The First Home Owner Grant is a lump sum of cash available to help with the cost of buying your first home or vacant land to build on. Find out more and see if you're eligible.
FAQs to buying your home
Customer success stories to inspire you
Pre-approval helps first home buyers get their dream home
“Lindon guided us from start to finish and explained everything in depth and detail. We feel very grateful Lindon was able to assist us with one of the biggest life decisions we have made.”
First home buyers save over $60K
“Scott helped us realise our dream by walking us through the steps and helping us understand all the correct processes we had to take”
Hear from our customers
I’d definitely recommend Mortgage Choice. If I had known it would be this easy to arrange a home loan and buy a place of my own I would have done it years ago!
The help our broker provided was amazing. I don’t know how many times we asked the same questions but he never made us feel like any questions were silly. He even took the time to explain our home loan to our parents. I have already recommended Mortgage Choice to my friends - I am just so happy with the way things turned out for us.
Prior to booking my first appointment with Mortgage Choice I knew entirely nothing about home loans and the housing market. My broker provided me with the knowledge, expertise and guidance to feel comfortable enough to take the plunge and buy my first home. I am very happy with the package that I ended up choosing and would return to Mortgage Choice again.
At the age of 29, with a $50,000 deposit and a six figure income, my bank was unable to give me a loan. After meeting with my Mortgage Choice broker, she clearly and effectively communicated my options and the process of purchasing my first home. Within 48 hours I had been pre-approved to almost double the amount approved by my bank.
I asked my broker thousands of questions, and she never made me feel like I was an imposition or that I was asking a stupid question – and that’s not something I could say about every service provider I encountered as a first home buyer. With the right help and support, buying a first home doesn’t have to be hard. My broker was lovely to deal with and she made the whole process so much easier for me.
Our broker did more than help us find a competitively priced loan. She was really interested in providing personal solutions and she provided good advice, explaining all the things we needed to consider as first home buyers. Mortgage Choice made it very easy to buy our block of land. The hard part is waiting for our first home to be built so we can begin living in it – that’s a day I’m really looking forward to!
I purchased my first home and to say it was a daunting experience is an understatement. It was a very confusing time. I have said to my friends multiple times that I don’t know how I would have actually navigated through it all without the support of my Mortgage Choice broker. She made everything clear and her customer service and knowledge of the industry was exceptional.
First home buyer's guide
Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.