Saving for a Home Deposit – Your First Big Step
Saving for a Home Deposit – Your First Big Step Saving for a home deposit is often the biggest hurdle for first-home buyers. The good news? With a clear target, a realistic plan and a few smart strategies, you can move from “one day” to “I’m ready” much faster than you think. This guide walks…
How Much Deposit Do I Need to Buy My First Home?
How Much Deposit Do I Need to Buy My First Home? Saving for a deposit is one of the biggest challenges for first-home buyers — but the amount you actually need might be less than you think. This guide breaks down minimum deposits, lender rules, government schemes and smart strategies to help you get into…
Understanding Home Loan Types – Fixed, Variable and Splits
Choosing the Right Loan Type Matters Once you’ve saved your deposit and are ready to buy, choosing the right home loan type can save you thousands over the life of your mortgage. Each option—fixed, variable, or split—offers different levels of flexibility, risk and control. This guide breaks down what they mean and how to pick…
Government Grants and Schemes Explained – First Home Buyers 2025
Why Government Support Exists With property prices rising across the country, many first-home buyers feel locked out of the market. To help make home ownership more achievable, the Australian Government and state/territory governments offer a range of grants, guarantees and stamp-duty concessions designed to reduce upfront costs and improve serviceability. Knowing which incentives you’re eligible…
LMI (Lenders Mortgage Insurance) – What It Is and How to Avoid It
Understanding Lenders Mortgage Insurance Lenders Mortgage Insurance (LMI) is a one-off fee that protects your lender, not you. It’s charged when your deposit is less than 20% of the property’s purchase price. While it helps first home buyers get into the market sooner, it can add thousands to your total loan cost. Let’s unpack how…
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