First Home Buyers

Where to start?


As a first home buyer, it is important to maximise any benefits that can be gained from government assistance incentive packages that may be available from time to time.


Currently, there are a number of incentives available to you. You can check all available offers at Office of State Revenue, just click here


The best advice we can give you is to “get into the property market”. It has been proven time and time again that you simply can not save up for a deposit on your first home fast enough to keep up with property prices.

What you need to know


The property market is “Cyclical”, that means that prices will ebb and flow, rise and plateau over a 7 to 11 year cycle. When you decide to enter the property market, you will need to consider this; how much will your initial deposit be?


Normally, you will need a 20% deposit, otherwise you will be subjected to an extra cost and that is called Mortgage Insurance.

Mortgage Insurance is a penalty insurance inflicted upon you because if you can not provide a 20% deposit for you purchase the banks consider that you pose a greater risk of defaulting on your loan. Therefore, mortgage insurance is your only option and it is there only to protect the banks, but you have to pay for it.


At This point in Time there are still many lenders that will lend up to 98% inclusive of the lenders’ mortgage insurance fee

There is still some undervaluing going on with some lenders though depending on the pockets and the state. 

This is general information only, check with your lender or Mortgage Broker.

What we can do for you


At Unito Property Group, we specialise in providing reputable Finance Brokers to assist you in successfully securing the most appropriate loan to suit your needs, whether you are a first home buyer or a novice or seasoned investor, Unito Property Group can coordinate all your purchasing needs through our network of professionally trained customer care consultants.

We can provide you with a FREE “Guide to Purchasing Your First Home”. Simply fill in your details below and a copy of the guide will be sent to you immediately.