Your First Home, Made Simple
Navigating the home buying process for the first time can be overwhelming. Home Online is here to guide you every step of the way with expert advice, competitive rates, and support for first-time buyers.
First Home Buyer Benefits
As a first-time buyer, you may be eligible for special grants, concessions, and support programs.
First Home Owner Grant
You may be eligible for a government grant to help with your first home purchase. Grants vary by state and can range from $10,000 to $20,000.
Learn more about grantsStamp Duty Concessions
First home buyers often receive significant stamp duty discounts or exemptions, potentially saving you thousands on your purchase.
Calculate your savingsLow Deposit Options
Access special loan programs that allow you to purchase with as little as 5% deposit, helping you get into your first home sooner.
Explore low deposit optionsYour First Home Buying Journey
Follow these steps to navigate the process of buying your first home with confidence.
Check Your Borrowing Power
Understand how much you can borrow based on your income, expenses, and deposit.
Save Your Deposit
Build your deposit and prepare for additional costs like stamp duty, legal fees, and moving expenses.
Get Pre-Approval
Apply for pre-approval to understand exactly what you can borrow and shop with confidence.
Find Your Property
Search for properties within your budget and attend inspections to find your perfect first home.
Complete Your Purchase
Make an offer, finalize your home loan, and complete the settlement process to get your keys.
Common Questions for First-Time Buyers
How much deposit do I need as a first home buyer?
While 20% is ideal to avoid Lenders Mortgage Insurance (LMI), many first home buyers can purchase with as little as 5% deposit. Government schemes may also help you purchase with a smaller deposit without paying LMI.
What grants and concessions am I eligible for?
Eligibility varies by state and territory, but most first home buyers can access stamp duty concessions and grants between $10,000-$20,000 for new homes. Income caps and property value limits apply.
How much can I borrow for my first home?
Lenders typically allow you to borrow 4-6 times your annual income, depending on your expenses, debts, and credit score. Use our calculator to get a personalized estimate based on your financial situation.
What additional costs should I budget for?
Beyond your deposit, budget for stamp duty (if applicable), legal fees ($1,500-$3,000), building and pest inspections ($500-$1,000), mortgage registration fees, and moving costs. We recommend having an additional 5% of the property price for these expenses.
Tools for First Home Buyers
Use these resources to help you navigate your first home purchase with confidence.
Borrowing Power Calculator
Estimate how much you can borrow based on your income and expenses.
Calculate NowDeposit Savings Calculator
Plan your savings journey to reach your deposit goal faster.
Plan Your SavingsGrant Eligibility Checker
Check which government grants and concessions you qualify for.
Check EligibilityFirst Home Buyer Checklist
Download our comprehensive checklist for first-time buyers.
Download ChecklistReady to start your home buying journey?
Let Home Online help you navigate the process and find the perfect loan for your first home.