First home buyer's loans reviewed - Getting into the property market

The increasing cost of real estate across Australia is making it increasingly difficult for first home buyers to get into the property market. With this in mind, home lenders have come up with more innovative loan options in order to help first home buyers get into the property market. Here we look at some of the first home buyer loans available today that are helping more Australians get into their first home.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Looking for a great value home loan with super fast approval?

Get Pre-Approval online & get a response in minutes with MyRate.

No deposit home loans

No deposit home loans allow first time home buyers to borrow 100 percent or more of the value of the property. This allows first home buyers to get into the property market without having saved a large deposit. No deposit home loans are available from many bank and non bank lenders. These first home buyer's loans are available to both owner occupiers and investors. So whether you're buying your first home as an investment or to live in, a no deposit home loan may be suitable for you.

Find out more about no deposit home loans on our home loan resources page.

Family pledge home loans

These first home buyer's loans offer the opportunity for family members with equity in their homes to help first home buyers get into the market. These first home buyer loans allow other family members, usually parents, to guarantee a portion of the loan using the equity in their own homes. The amount guaranteed can be set by the borrower and their family members who are guaranteeing the home loan. These loans are a great option for young families trying to get into their first home.

Find out more about family pledge home loans

Other concessions for first home buyers

For first home buyers in Australia, the Federal and State Governments will help you out. The Federal Government provides a First Home Owners Grant of $7,000 to eligible first home buyers, while the various State Governments offer concessions on stamp duty. For example, in NSW stamp duty is not payable by eligible first home buyers while in Qld and Victoria concessions apply.

You can find more information on the First Home Owners Grant and the stamp duty concessions available.

DOMDocument::loadXML(): Start tag expected, '<' not found in Entity, line: 2

Digg this Post page to del.icio.us Post page to Furl

Home Loan Info.com.au

Home Loans Australia

Refinancing Information

Home Loan Information

Mortgage Broker Information

Featured Home Loan Information

Stamp duty calculator online

Most states in Australia charge some form of stamp duty on real estate. And to make matters even more complicated for the property buyer, this differs in each state. Find out how much stamp duty you will need to pay in different states using our stamp duty calculators.

Canberra Home Loans Mortgage Information

If you are looking for information about a Canberra home loan, you have many options available to you when it comes to choosing your home loan. Here are just three home loan options you will have when seeking finance for your new home in Canberra.

Adelaide Home Loans and Mortgage Options Reviewed

Looking for a home in Adelaide? Thinking about home loans and finance, but wondering where to start. Our website is hear to assist you in your search for the perfect Adelaide home loan. Our partners are experienced in helping home buyers, just like yourself in finding the best solution available.

Standard variable home loans

Perhaps the most common type of home loan for Australian home owners is the standard variable home loan. The standard variable interest rate home loan calculates interest charges based on the Reserve Bank of Australia's current official interest rates. Standard variable rate home loans offer greater flexibility than the fixed interest rate home loan option. Here we look at some of the advantages of a standard variable home loan.

The benefits of using an independent mortgage broker

When it comes to finding the best home loan to suit your individual needs and financial circumstances, you generally have two options. You can do all the research yourself or you can get professional help from an independent mortgage broker. Here we look at the reasons why it pays to consider getting help from an independent mortgage broker.