Buying your first home? Here are 8 easy-to-follow tips to help you go from saving a deposit to stepping through your new front door. 

1. Figure out your borrowing power 

Use online calculators or chat with a lender to get an idea of how much you can borrow. Things like your income, expenses, credit score, and existing debts all come into play. 

2. Start saving for a deposit 

Aim to save between 5–20% of the property price. The more you can put down, the better your chances of avoiding Lenders Mortgage Insurance (LMI) and scoring a lower interest rate. 

3. Get to know your loan options. 

There are lots of loan types out there – fixed or variable rates, offset accounts, redraw facilities, and low-deposit options. Pick what suits your lifestyle, financial habits and goals. 

4. Check out government support 

You might be eligible for the First Home Guarantee, First Homeowner grant or the First Home Super Saver Scheme. These can reduce upfront costs and help you get into the market sooner. 

5. Think about a guarantor 

Some lenders offer family guarantor solutions (like Secure Start), where a relative’s property equity can help reduce your deposit and skip LMI. 

 6. Get pre-approval 

Pre-approval gives you a clear budget and shows sellers you’re serious. It’s not a guarantee, but it helps streamline the buying process. 

7. Plan for upfront ongoing costs 

There is more to budget for than just the deposit – think stamp duty, legal fees, inspections, insurance, and moving costs. Also plan for ongoing expenses like rates, maintenance, and loan repayments. 

8. Talk to the experts 

A mortgage broker or lending specialist can walk you through your options, understand your eligibility, and guide you through the paperwork. 

Let’s make your home happen  

We’re a customer-owned bank, so our focus is always on what’s best for you — not shareholders. If you’re thinking about buying your first home, let’s have a conversation. No pressure. No jargon. Just practical support from people who care.  

Chat with a local lending specialist and learn more about Secure Start.