Buying your first home can be a daunting process. It’s the biggest purchase of your life and you’re somehow just expected to know what to do?
If you’re feeling overwhelmed by the house buying process in Australia, let us break it down for you in simple terms:
What you’ll learn in this episode:
💰 How to buy your first home in Australia 2025
📊 New Home Guarantee Scheme updates – unlimited places, no income cap, higher price limits
💵 Deposit options explained – 2 % and 5 % deposit loans for first home buyers
🏡 Property price caps: Sydney $1.5 M, Melbourne $950 K, Brisbane $1 M, Adelaide $900 K, Perth $850 K
⚖️ LMI vs First Home Buyer Schemes – when you pay it and when you don’t
👨👩👧 Using a parent guarantor to buy your first property sooner
💳 What banks really look at – income, statements, spending habits, credit score
📈 Offset vs Redraw – which loan feature helps you pay off your mortgage faster
🧠 Market research tips
🤝 How to make a strong offer and avoid first home buyer mistakes