NAATI CCL नेपाली

I understand you're looking to buy your first home. How exciting! Have you started looking at properties yet?

Yes! In NSW, first home buyers can get a grant of ten thousand dollars for new homes and a stamp duty exemption for properties under eight hundred thousand dollars.

It's a state government tax on property purchases. For a seven hundred thousand dollar property, it would normally be around twenty-six thousand dollars. As a first home buyer, you'd pay nothing.

Based on your combined income and savings, you could potentially borrow around six hundred thousand dollars. With a twenty percent deposit, you'd avoid paying Lenders Mortgage Insurance.

It's insurance the lender requires if your deposit is less than twenty percent of the property value. It can cost thousands. But the First Home Guarantee scheme lets eligible buyers purchase with as little as five percent deposit without LMI.

We're a participating lender, so I can process the application here. You'll need your tax returns for the last two years, payslips, bank statements, and identification.