Do I need a 20% deposit?

Not always. Some lenders may consider lower deposits, although this can affect costs and eligibility. We’ll explain what may apply to your situation and what the implications could be.

What do lenders look for?

Lenders generally assess income, expenses, employment stability, credit history, and savings. We help you understand how these factors may apply in your case.

Can I apply if I’m casual or self-employed?

Some lenders may consider casual or self-employed income, although requirements differ. We’ll review your situation and explain what options may be available.

What is Lenders Mortgage Insurance (LMI)?

LMI is a cost that may apply when your deposit is below a certain percentage of the property value. It protects the lender, not the borrower. We’ll explain whether it may apply to you.

How much can I borrow?

Borrowing capacity depends on income, expenses, existing debts, and lender policies. We can provide an assessment based on your individual circumstances.

Is now the right time to buy?

That depends on your financial position and goals. Our role is to provide information and guidance so you can make an informed decision.

Buying your first home? Let’s make it clear and manageable.

We explain the process in plain English and help you understand what may be possible for your situation — so you can move forward with confidence.

It’s normal to have questions

Buying your first home is a big step. So congratulations on reaching this milestone, be proud of yourself. Now it's time to Turn your Plans into Progress. It’s completely normal to feel unsure and overwhelmed about where to start.

You might be wondering:

How much can I borrow?
How much deposit do I really need?
What do lenders look for?
What costs should I plan for?
Is now the right time for me?

We’ll help you understand each step before you commit to anything.

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No pressure. Just clear guidance.

How the process works

A simple, supportive approach:

1. Tell us about your situation
We learn about your goals, income, savings and plans.

2. We assess what lenders may consider
We review lending criteria and how they apply to you.

3. We explain your options clearly
No jargon — just practical information in plain English.

4. We guide you through the next steps
You stay informed and in control throughout the process.

What lenders typically assess

Understanding this early can reduce uncertainty and save time.

Lenders generally look at:

Your income and employment history
Your living expenses and existing commitments
Your credit history
Your deposit and genuine savings
The property you’re purchasing

We help you understand how these factors may apply to your individual circumstances.

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Why work with a broker?

Working with a broker means you don’t have to navigate the process alone.

We provide:

Access to a range of lenders
Guidance tailored to your situation
Assessment of government grants and schemes
Clear explanations of loan structures
Support through the application process

Our focus is helping you make informed decisions — not rushing you into one.

Costs to consider

Buying your first home involves more than just a deposit. Depending on your situation, costs may include:

Deposit
Stamp duty (if applicable)
Legal and conveyancing fees
Building and pest inspections
Lender or government charges

We outline what may apply to you early, so you can plan with clarity.

Frequently asked questions