They call it the great Australian dream. And with the right plan and some expert support – you can make it a reality.
Looking for your first place to call home? You’re a first home buyer – and you’re in the right place. We’re on your side with practical strategies to help you build a deposit, get your finances in order and apply for a mortgage. Because when you break it down, it doesn’t seem quite as scary. We’re all about making home ownership feel achievable – because it is!
Let’s make a plan to buy that house – and make it your first home.
Let’s talk first home buying.
What do you want in your first home? Is it a house or apartment? Is it in the city or the suburbs? And what are the must-haves? By knowing what you want, you can work out how much it might cost
Jump online and see what’s on offer. Look at previous sale prices in areas you like – or attend some auctions and see for yourself how hot the market really is. Be prepared to shift your criteria slightly, so you can get more bang for your buck
Now you know what you want – we can help with a plan to get you there. Everyone is different, so we’ll tailor a strategy to you. We’ll look at your income, savings potential and a range of lending options – you’ll be making an offer before you know it!
We’ll do the heavy lifting & help bring it all to life
(without breaking the bank)
Every financial decision you make could take your life down a different path. So we’ll show you what different options mean, and create your financial roadmap to make sure you don’t get lost along the way
We’ll help you work out how much and where to invest, so you make the most from your tax entitlements while building your portfolio
Your income is one of the most valuable things in your life. Whether you’re on a professional salary, self-employed or juggling multiple gigs, we’ll help you make the most of it
Our income & expenses app MyProsperity makes it super simple to see where your money is going, and make sure you’re on track with your goals
This could be the difference between having a home to call your own, or renting forever. We’ll also help you work through price point, suburb selection and any grants & schemes you’re eligible for
Plans are what make dreams possible. Our mortgage brokers will help you work through how much you can borrow, the deposit you need and which bank is right for your situation
Start with just a few $100 a month in an investment fund and with the right risk and return trade-off, you could be on your way to a $50,000 share portfolio
It’s everyone’s dream come true, an investment tool that straightens out your retirement and saves you tax too. We’ll help you take advantage of it – after all, it’s called super for a good reason
Life is unpredictable, so you need a safety net in the form of savings and insurance. You can always rest easier with a Plan B in place
Yes, we can even help with your loan application – whether it’s your first home or an investment property. Our mortgage brokers will work to find solutions that with your financial plan
See why we’ve been awarded Independent Financial Advisors’ Innovator of the Year.
A fantastic, trustworthy, supportive service that has helped me to sort my money goals. I feel a lot safer now when it comes to my money – when it comes to looking after myself and my daughter that is a really important element for me.
So much clarity. Money mostly seems like a sensitive topic and other companies pushed me back as “too young” to take on as a client. Finnacle changed that. The peace of mind from a plan unique to my lifestyle is honestly a gamechanger.
Working with Dan and Finnacle has been great. It’s nice that they’ve taken time to create that level of trust, which we really wanted when it came to our money. The online platform is easy to use and the flexibiltiy to meet up at any time is invaluable.
This testimonial was given by our customers. They are individual experiences of our customer that has used our service. However, they are individual results and results and outcomes may vary. We do not claim they are typical results that consumers will generally achieve. (Broker name/ business) cannot and does not guarantee results. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
Kick off your no-obligation trial today – book your 15 minute discovery call
Most tenders now require a deposit of at least 5% of the purchase price of the property. If you are able to save 20% of the value of the home you will Lenders Mortgage Insurance (LMI). This is unrealistic for most however, so at Finnacle we generally aim for around a 10% deposit.
This is the amount that you need to pay out of your savings. Banks like to see that you have been able to save over time as this shows that you are more likely to pay the mortgage off comfortably. Most lenders don’t allow you to borrow the full amount of the property.
LMI is insurance that the banks take up to protect themselves if you are borrowing more than 80% of the property’s value. The cost of the insurance is passed on to you and is based on the property value and the % of the property that you are borrowing (known as Loan to Value Ratio – LVR). The insurance protects the bank against any shortfall in the sale price compared to your purchase price if you are not able to make your repayments and they need to re-possess and sell the property to recoup the loan.
Stamp Duty is a state based tax that you will pay on your property purchase. As it is levied by each State and Territory government it is slightly different in each state/territory. There are also times where certain groups pay less or even no stamp duty – currently in NSW and Victoria 1st Home Buyers do not pay any stamp duty or purchases under $600,000.
