Buying your first home

Purchasing Your Home

There is much to consider and plenty to research.

  • Work out how much you can borrow. This is where our services will really help you.
  • Make sure you have an accurate and detailed budget that takes into account all expenses associated with purchasing a property including stamp duty, council rates and other fees. We can help you identify these extra costs.
  • Ensure you go to many open inspections and research property prices in your desired location.

First home owner grant

The FHOG scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a one-off grant of up to $7,000 is payable to first home owners who satisfy all the eligibility criteria.

For more information on the FHOG scheme go to

First home saver accounts

  • If you are aged between 18 and 65,
  • If you have not previously purchased or built a first home in which to live,
  • If you do not have or have not previously had a first home saver account, and
  • If you provide your tax file number to the provider

you can open a first home saver account.

This account provides a simple tax effective way for Australians to save for their first home through a combination of Government contributions and lower taxes.

Stamp duty concessions

When you buy a home in Australia, the government imposes a stamp duty tax. This tax is added to the purchase price of your home and is assessed on the sale price of the property. Stamp duty and concessions vary from state to state. First home buyers may be eligible for rebates in the form of stamp duty rebates or exemptions. We will assist you to calculate your stamp duty if applicable.

Use our stamp duty calculator

The Home Buyer Essentials - guide

> Download our FREE home buyer essentials booklet

Home Buyer Articles

> Are first home buyers still waiting in the wings?...




If you would like more information speak to one of our friendly consultants today:

Phone: 1300 880 225

International: + 61 3 9877 3000

Fax: 03 8610 2008



Copyright 2012 by Sage Lending Australian Credit Licence Number: 390347