First Home Buyer Loans
Buying your first home? Congratulations! This is a major decision which if managed right, will be the best investment you ever make. No more renting, the joy of owning your home own is every Australian's dream.
Make a plan
First-home buyer loans for Sydney mortgages come with many different features, and borrowers can choose to have all the features, or a simple loan with a lower rate. You can access some government grants also, to make the experience of buying your first home more enjoyable and achievable. It is important to look at all the aspects involved with buying a home. Our mortgage advisors are all experienced in helping first-home buyers achieve their dreams of finding the right property, and a great home loan.
First Home Buyers Grant
First home buyers who are buying or building their first home are eligible for the First Home Buyers Grant which can assist you financially when purchasing your first home. If you have not previously bought or owned a property in Australia, you are entitled to claim a $7,000 one off grant. The grant is not means-tested, nor is it restricted by the price of your property, however it must be a residential property. There is no tax payable on the grant and the state government administers the grant with the help of a number of banks and lending institutions that are approved.
A free First Home Owners Grant eligibility quiz is available here.
To qualify you need to be:
- be an Australian citizen or permanent resident who has never owned property in this country;
- have lived in Australia for at least six months;
- be over 18-years old.
Another factor to consider is the requirement that you must live at the property for at least six months out of the first year immediately after purchase. There are no exceptions with this rule so make sure the time frame suits you.
The scheme, which commenced in July 2000, has already helped thousands of Australian first home buyers get on the property ladder.
Loans for first home buyers
You can choose from variable rate loans, fixed rate loans and no deposit loans. Which loan you choose will depend on your personal circumstances, such as your income, your expenses, how much deposit you have saved, and any other assets you may have. We can help you find out more about the types of loans available for first-home buyers.
Arm yourself with the best local knowledge by talking with a Local Sydney Mortgage Broker. We can help you determine your borrowing capacity, search for suitable first homes with you, and organise a competitive home loan. Don't leave anything to chance. It's your money, so make go further by getting the best advice. Our services are all tailored to make life easier for you, and take some of the burden off. We do the hard work for you, by negotiating with the banks so you don't have to. You can trust our advice as it is based on years of training and experience. Plus, all of our advisors are professional and friendly so you can feel at ease when communicating with us.
A Your Local Finance Mortgage Broker can assist with the application for the First Home Buyer Grant as part of your loan application process. Call Your Local Finance mortgage broker on 
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More in this Section | Talk to A Local Bondi Junction Mortgage Broker and get the best home loan advice. | Looking for a home loan? Let us do the hard work for you. | Our mortgage advisors do more than just offer advice. | Buying a home in Gosford? Talk to the local experts. | Advice for Sydney CBD, choosing the right mortgage |
Sydney Home Loans
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No longer just a basic home loan. Full features like redraw, all at low interest rates. |
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Make life easier with a single monthly repayment. |
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New low interest rates are now on the market. Time to refinance and save.
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Don't be penalised just because you run a successful small business. Be treated as an equal here.
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Access the equity in your home to buy investments, fund home improvements or take that once-in-a-lifetime holiday.
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Introductory or honeymoon home loans can have some of the lowest interest rates around.
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