Loading...
Loading...
Your First Step onto the Property Ladder
The property market can feel overwhelming for first home buyers, but it does not have to be. At Noryx Lending, we have helped hundreds of first-time buyers navigate the process with confidence. From understanding how much you can borrow, to accessing government incentives you may not know about, to finding a loan that sets you up for long-term financial success -- we are with you every step of the way.
WHY CHOOSE US
Each state and territory offers different grants for eligible first home buyers. In NSW, you may be eligible for up to $10,000 when purchasing a new home valued under $600,000. We help you understand and access every grant you are entitled to.
First home buyers in NSW can receive full stamp duty exemptions on properties up to $800,000 and concessions on properties up to $1,000,000. We factor these savings into your budget planning so you have a clear picture of your total costs.
The Federal Government's First Home Guarantee allows eligible buyers to purchase with as little as 5% deposit without paying LMI. We check your eligibility and manage the application process for this highly sought-after scheme.
The FHSS scheme allows you to save for your first home inside your superannuation fund, offering tax advantages that can boost your deposit by thousands. We explain how to access these funds and factor them into your borrowing strategy.
If your parents or family members own property, they may be able to act as guarantors, allowing you to borrow up to 100% of the purchase price plus costs without LMI. We structure these arrangements to minimise risk for both you and your guarantor.
Beyond the purchase price, first home buyers need to budget for stamp duty, legal fees, building inspections, moving costs, and more. We provide a detailed cost breakdown so there are no surprises on settlement day.
HOW IT WORKS
We start with a detailed conversation about your goals, savings, income, and timeline. We explain the entire buying process from start to finish and answer all your questions in plain language.
We assess your eligibility for all available government grants, stamp duty concessions, and guarantee schemes. We then factor these into your borrowing and budget calculations to maximise your purchasing power.
With a clear budget in hand, we secure your pre-approval so you can search for properties with confidence. We provide guidance on what to look for and what to avoid when evaluating potential homes.
Once you find your home, we guide you through the offer or auction process, coordinate with your solicitor, manage the formal loan approval, and ensure everything runs smoothly through to settlement day and beyond.
HAVE QUESTIONS?
While a 20% deposit is ideal to avoid LMI, many first home buyers enter the market with as little as 5% deposit. With the First Home Guarantee scheme, you may avoid LMI with just 5% deposit. We also explore options like guarantor loans and the First Home Super Saver Scheme to help you get into your first home sooner.
Eligibility varies by state, but generally you must be an Australian citizen or permanent resident, aged 18 or over, buying or building a new home (not established), and the property must be below certain value thresholds. In NSW, the threshold is $600,000 for a new home and the grant is $10,000. We assess your eligibility during our initial consultation.
Beyond the deposit, first home buyers should budget for stamp duty (unless exempt), legal/conveyancing fees ($1,500 to $3,000), building and pest inspections ($400 to $800), loan application fees, mortgage registration fees, and moving costs. For a typical first home purchase, these additional costs total approximately $10,000 to $30,000 depending on the property value and your exemption eligibility.
Book a complimentary consultation with our team. We will assess your situation and present the best options available to you.
Get in TouchEXPLORE MORE