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JJM Finance Specialists
Serving since 2003

Buying Your First Home

From Renting to Owning Your Dream Home

Making the transition from renting to owning your first home is an exciting journey, filled with possibilities and the promise of stability and security. At JJM Finance Specialists, we understand that this milestone comes with its own set of challenges and opportunities. Let’s explore the common issues faced by first-home buyers, the support available to make your dream a reality, and how we can guide you every step of the way.

The Challenges of Moving from Renting to Owning

For many first-home buyers, the transition from renting to owning a home involves overcoming a variety of hurdles

Navigating the Property Market

Understanding property values, identifying the right location, and making competitive offers are daunting tasks for first-time buyers

Saving for a Deposit

Accumulating the required deposit while balancing rent and other living expenses can feel like an uphill battle.

Understanding Home Loans

With so many loan products available, it’s challenging to determine which one best suit your financial situation and long-term goals.

Additional Costs

Beyond the purchase price, there are costs like stamp duty, legal fees, and building inspections to consider.

Government Schemes and Eligibility

Accessing government grants and concessions can be complicated, especially for those unfamiliar with the criteria.

Government Support for First-Home Buyers

Fortunately, the Australian government offers a range of support measures to help first-home buyers enter the property market. These programs are designed to ease the financial burden and make homeownership more accessible
First Home Owner Grant (FHOG)
This one-off grant is available to eligible first-home buyers purchasing or building a new home. The amount varies by state and territory but can significantly reduce your upfront costs.
First Home Guarantee (formerly FHLDS)
Under this scheme, eligible first-home buyers can purchase a property with as little as a 5% deposit, with the government acting as a guarantor to avoid paying Lenders Mortgage Insurance (LMI).
Stamp Duty Concessions
Many states and territories offer reduced or waived stamp duty for first-home buyers, which can save thousands of dollars.
First Home Super Saver Scheme (FHSSS)
This program allows first-home buyers to save for a deposit using their superannuation fund, offering potential tax advantages.
Shared Equity Schemes
Some states have initiatives where the government co-owns a portion of the property, reducing the amount you need to borrow.

Key Benefits of Working with JJM Finance Specialists

At JJM Finance Specialists, we’re here to make your dream of homeownership a reality. Here’s how we support first-home buyers:

Expert Advice

We simplify the complexities of home loans, helping you understand your options and choose the right product for your needs.

Deposit Strategies

Struggling to save? We’ll work with you to develop a realistic plan to accumulate your deposit

Access to Grants and Schemes

Our team ensures you’re aware of and eligible for all available government support programs, maximizing your benefits.

Loan Pre-Approval

We help secure pre-approval, so you can house-hunt with confidence and act quickly when you find the perfect property.

Comprehensive Support

From budgeting and loan applications to settlement, we’re with you every step of the way.

Contact us

JJM Finance Specialists Serving since 2003

JJM Finance Specialists – Your Trusted Finance and Mortgage Broker.
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JJM Marketing Australia Pty Ltd is a credit representative (396845) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).

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