First Time Home Buyers Guide

1. Planning Your Money

2. Finding A Lender

3. Getting Pre-Approved

4. Comparing Loan Offers

5. Finding A Real Estate Agent

6. Shopping For Homes

7. Writing An Offer

8. Getting A Home Inspection

9. The Underwriting Process

10. Appraisal

11. Just Before Closing

12. At Closing

First Home Buyer Tips Australia [Buying a house in 2024]

Pre-approvals are not a promise

Offset account sting

Get your negotiation game plan

Going to auction

What's your limit?

Missed a bill or two?

Make sure you do this one simple thing on the building and pest

Thinking of going to your bank, watch this

Wanting to fix your interest rate? Think again

Set up your mock mortgage

Crunch the numbers

Get your home buying team ready

Watch out for off the plan

Building first home mistakes

Lowest rate doesn't = best mortgage

Australian government's recent expansion

What's changing

The home guarantee scheme (HGS) update from 1st of July

HGS gives you a guarantee from the government

HGS Qualification requirements

HGS price caps

HGS can now purchase with friends, siblings and other family members

HGS now allows homeowners with no ownership for 10 years

Regional First Home Guarantee changes

Family Home Guarantee Changes

We specialise in helping with these 3 schemes

Potential implications

Scheme has limited spots

If buying with a friend or family member

If you haven't owned a home in 10 years

Expansion to allow permanent residence

Both an opportunity and a challenge

Will be beneficial for many

Need prudent financial management

How Hunter Galloway can help

What if the schemes are withdrawn

Owning a home is a dream for many

The home builder scheme

Remote working shift

huntergalloway.com.au 1300 088 065

Introduction

Meighan’s special house of the week

Who is our guest for today

Damian Hoar’s backstory

Damian shares the challenges and lessons from saving a deposit for your first home

The _BIGGEST_ lesson Damian learned during his first home buying journey

Why it’s important NOT to let the process of negotiation impact your property decision

Damian’s experience with rising interest rates 18 months ago

What's the definition of fixed and variable rates?

Handling the responsibilities that come with homeownership

How has homeownership influenced Damian's perspective on life?

How homeownership has changed Damian's perspective on wealth and priorities

What's the most important advice from Damian for those considering homeownership?

Set Your Buying Budget

The First Home Loan Deposit Scheme

Eligibility Assessment

Eligibility vs Pre-Approval

Buyer's Brief Template

Starting The Property Search

Create a property shortlist

What Can You Offer?

How long do pre-approvals last?

Conclusion

Introduction

Meighan’s special house of the week

Lesson #1: The importance of understanding the buying process

Lesson #2: How to find the right people to help in the home buying journey

Lesson #3: Knowing what to look for in a property

Lesson #4: Working out what to pay

Lesson #5: What NOT to do with a renovation

Lesson #6: Who are the agents really working for?

Lesson #7: How to structure things from a financial perspective

Lesson #8: How much extra money one would need for additional costs

Lesson #9: Thinking too long-term

Lesson #10: Thinking too short-term

What am I entitled to? Find out the Government Grants and Schemes you're entitled to!

All the schemes and grants overview

First home loan deposit scheme

The home build grant

The first home super saver

State specific grants

New South Wales state grants

Queensland state grants

Victoria state grants

Western Australia grants

How do I apply for these grants and schemes?

HOW LONG HAS THE PROPERTY BEEN ON THE MARKET

IN THE SHOES OF THE SELLER

OFFER QUICK TURN AROUND TIMES ON SETTLEMENT

QUICKER TIMEFRAMES ON FINANCE

LEVERAGING THE AGENT

NEVER DO COFFEE SHOP PRE-APPROVALS

NOT COMPARING LENDERS AND THEIR COSTS

NOT GOING TO BUILDING AND PEST INSPECTION