Buying your first home
Buying your first home can be overwhelming!
We are here to help you from the beginning to end
What do you need to do first?
You need to calculate
1. How much you can borrow?
This depends on
1. Your deposit amount
2. Your income level
3. Your existing financial commitments
2. How much deposit do you need?
This depends on
1. The lender that you use
2. The purchase price
3. Whether you build or buy established
First Home Owner Grant
The first home owner grant (FHOG) is a one-off grant payable to first home owners that satisfy all the eligibility criteria.
First home owners purchasing or building a new home may be eligible to receive a grant up to $10,000.
As of 3 October 2015, first home owners purchasing an established home are no longer eligible for the first home owner grant, but may still be eligible for the first home owner rate of duty.
You may be eligible for a FHOG – your Money Tree broker will assist you you’re your application.