First Home Buyer

As a first-time home buyer, you must purchase the first home you or your spouse have owned or co-owned in Australia, although there are some exceptions. You must also move into the property within 12 months and live there for at least six months. 

A first-time home buyer is a person buying a house or a flat that he or she has never owned before and has no property to sell. You aren’t a homeowner, an investor, or simply mortgaging or re-mortgaging an existing home.  

If your spouse or partner has previously owned or bought a property in Australia, it can impact your first-time buyer status when you make a joint application for a mortgage. 

Also, A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home. 

Types of First-Time Home Buyer Loans 

• A variable mortgage may be suitable if you seek flexibility rather than a guaranteed rate. 
• Check out our fixed-rate mortgages if you need stability and predictable repayments. 
• Want a house that is 100% as you envisioned it? A construction home loan is the answer. 
• A split mortgage lets you make part of your loan fixed and the other half – variable.