First Home Buyers -
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First Home Buyers

Which Home Loan Is Right For Me?

When it comes to home loans, a wide range of options is available in the market. Finding the right home loan can become a daunting task with these many options. Every option comes with different features. Some options help you save money, while the others can offer you more flexibility and peace of mind.


At Comfort Retire Investment Services PTY LTD, we can help you choose the perfect home loan products according to your requirements. Consultants at Comfort Retire Investment Services PTY LTD have years of experience in the home loan market. Along with their experience and the cutting-edge software program, they can compare thousands of options and provide you with a list. You can go through the list our consultants provide and choose the perfect option per your needs.

First Home Owners Grant – FHOG

The Federal Government introduced the First Home Owners Grant (FHOG) in 2000. This grant can help you meet the cost of buying the property and building your first home.


Firstly, when it was introduced, it was a non-means-tested grant of $7,000. However, the Rudd Government has now introduced a First Home Owners Grant boost. It can help you stimulate your home construction and give you a better chance in the market.


If you purchase an established home, you will be entitled to a $14,000 FHOG, which was $7,000 previously. If you purchase a newly-constructed home, you will be entitled to an additional $14,000 along with the previous amount of $7,000. Hence, for people who purchase a newly-constructed home, the total grant goes up to $21,000.


Additional bonuses are available in some states. If you need assistance assessing your opportunities First Home Owners Grant, give us a call today.

First Home Buyer’s FAQs.

How Much Can I Borrow?

The amount you can borrow varies from case to case. Your borrowing capacity depends on various factors, including your current income, the deposit you have, and your expenses. The borrowing amount can also vary from lender to lender.

What Will My Repayments Be?

Your borrowing capacity is one thing to work out with, but the real question is repayment. Comfort Retire Investment Services PTY LTD can help you get the perfect repayment plans.

How Much Do I Need To Save For A Deposit?

Generally, the minimum amount required for a deposit is 5% of the property value. However, the deposit amount can vary from lender to lender, and it also depends on the type of loan to opt for.

How Much Do I Need To Set Aside For Stamp Duty?

The stamp duty is basically the tax you have to pay on the property purchase. The amount levied depends on the purchase price of the property. Another factor involved in calculating the stamp duty is the state in which the property is located.

How Do I Choose Which Home Is Best For Me?

There are various factors involved in deciding on the area to live in. You have to consider work commitments, proximity to family and friends, and most importantly, the prices. The prices of property can vary in different suburbs.

Am I Eligible For The First Home Owners Grant?

First Home Buyers with intentions to live in the home after buying are eligible for The First Home Owners Grant. Australian citizens or permanent residents who want to buy or build their first home in Australia with an intention to live in the home within 12 months are eligible for the grant.

What Other Expenses Will I Need To Pay Besides Mortgage & Stamp Duties?

It would be best to budget for 5-7% of the purchase price for fees and chargers along with the deposit. Apart from mortgage and stamp duties, which will be covered in this 5-7%, you have to budget for the expenses of;

  • Insurances
  • Valuation fees
  • Solicitors fees
  • Council and water rates
  • Removalist costs
  • Building and pest reports
  • Utility connection fees
  • Lenders mortgage insurance (LMI)
What Should I Do Now?

Now, you have to make an appointment with a consultant at Comfort Retire Investment Services PTY LTD. Call us at 1300 33 66 69 to book your appointment.

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