How we can help your with your first property
First Time Buyers and First Time Investors we can help your with your first property
At Awesome, our finance strategists have been helping Australians achieve their dream of home ownership and with their first time investment property for over 15 years.
Your Awesome finance strategist will help you develop a plan and a budget to make sure that the choices you make will be the right ones. They will the work hard to find you the right home loan using our unique loan matching systems.
Best of all our service is free of charge to you, so you can rest assured your Awesome finance strategist will assess your needs and match you to a home loan that best suits your situation.
Here our quick tips to get you started.
Saving Your Deposit
The first step towards buying your first home is to work out how much you can afford to borrow or your ‘borrowing capacity’. Like to know how much you can roughly borrow? Check out our Borrowing Power Calculator . There is not much point delaying you purchase by saving more deposit for a property you cannot afford.
If you have already started saving for a deposit it is also good idea to have a budget. This will look at your income and all your expenses, debts and regular bills to work out how much you can put towards a home loan. To help you we have a created a Budget Planner.
It’s also a great idea to keep a copy to add to your loan application.
First Home Owners Grant
The First Home Owners Grants is a national scheme funded by the states and territories and administered under their own legislation. The grant is a one off tax free payment to first home buyers in Australia, who satisfy the eligibility criteria.
To be eligible for a first home buyers grant, you must be at least 18, you or other applicants may not be a company or trust, at least one of the applicants must be a permanent Australian resident, and you must occupy the residence for 6 months beginning in the first 12 months of settlement. These schemes change regularly as state governments try to moderate the property market so always check when the scheme is ending because there are no guarantees they will be renewed.
Here are the links to each states OSR for First Home Owner Grants
Choosing the Right First Home Loan
While finding the perfect first home or investment property can be challenging, finding the right home loan can be even more so. In today’s competitive market, first time buyers can choose from a wide range of lenders and loan products, and what may be suitable for one person may be inappropriate for another. Before signing on the dotted line, it pays to do your homework and think about the type of features you need and how much you are prepared to pay.
To help you answer many of your questions we have created a handy e-book entitled
My First Home Buyer Guide. To order your copy click here
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