The deposit you need to purchase a property typically ranges from 20% of the total house price. However, there are alternative options available if you don’t have a full 20% deposit. Some lenders may accept a smaller deposit, but this usually means you’ll need to pay Lenders Mortgage Insurance (LMI), which protects the lender if you default on the loan. As a first-time homebuyer, you might also be eligible for various grants and assistance programs that can reduce the amount you need to save. Additionally, certain professions or first home buyers may qualify for LMI waivers, allowing you to avoid this extra cost. Contact us to explore your options and find the best solution for your situation.

Of course! Borrowing capacity refers to how much you can borrow from a lender. In our complimentary planning sessions, we will go through your finances and calculate exactly how much you can borrow and what deposit you need. You can book in HERE. Alternatively, try one of our borrowing-power calculators.

When it comes to finding tailored loan options for your first home, we have a wealth of options with over 70+ lenders to choose from. We'll work closely with you to understand your specific wants and needs, then present you with a selection of loan options so you can make an informed decision. Together, we’ll find the loan that suits your circumstances and helps you achieve your homeownership goals.

As a first homebuyer, you might be eligible for several incentives that can make purchasing your first home more affordable. These incentives vary by location but commonly include:

1. First Home Owner Grant: A one-off grant provided by the government to help first-time buyers with the cost of purchasing a new or existing home.

2. Stamp Duty Concessions: Reduced or waived stamp duty costs for first homebuyers, which can significantly lower your upfront expenses.

3. First Home Buyer’s Assistance Programs: Programs that offer financial assistance or reduced fees, such as grants or subsidies, specifically designed for first-time buyers.

4. First Home Loan Deposit Scheme: A government initiative that allows you to buy a home with a deposit as low as 5% without needing to pay Lenders Mortgage Insurance (LMI).

5. HomeBuilder Grant: A grant for eligible first homebuyers to build a new home or substantially renovate an existing home.

6. State and Territory-Specific Incentives: Various state and territory governments offer their own incentives, such as additional grants or support programs.

It's important to check the eligibility criteria for these incentives, as they can vary based on income, property value, and other factors. I can help you navigate these options and determine which incentives you qualify for, so you can make the most of the available support.

You don’t need to be an expert in real estate to start your homeownership journey. At Her Finance, we’re here to support you every step of the way, providing clear guidance and personalised advice tailored to your unique situation. Whether you're new to the market or just looking for a helping hand, we offer educational resources and insights that will empower you to make informed, confident decisions—no matter your level of experience.

We know life is busy, and balancing property investment with your career and personal commitments can feel overwhelming. That’s where we come in. With Her Finance, you don’t have to juggle it all yourself. Our property experts and team of partners take care of everything, from start to finish, so you can focus on what matters most to you—whether that’s advancing your career, spending time with loved ones, or simply enjoying life. We’ll ensure your investment is in safe hands, leaving you more time to live life on your terms.

Choosing Her Finance means choosing a team that is dedicated to your financial success and empowerment. We specialise in guiding you through the property investment journey with personalised strategies tailored to your unique goals. At Her Finance, we believe in transparency, integrity, and providing exceptional service every step of the way. With us by your side, you can be confident that you’re making informed decisions and building a strong foundation for your future.