Leave Your Comfort Zone – Start Investing in First Home

Many people sit in their rented homes and dream of owning their own home. They have built around them a comfort zone that they are in no hurry to leave, even though they wish they could. You can… do you want to?

Many people save hard for their deposit, they see their savings slowly increasing and are unsure if they should let these go and make the jump to buying their first home.

It can be a daunting time, and an uncertain time. Here at First Home Australia we fully understand this. The transition from leaving your comfort zone to owning your first home can be seamless; we do not leave you in the dark any step of the way. We will hand hold you through the purchasing process and beyond, we won’t leave you in a position where you will be unsure of something. We love our work.

Our professionals help you to fully understand the ins and outs of purchasing your first home, no matter which location you choose from the many we have on offer. You may find that our locations are just outside the area where you would ideally wish to live, but you will find, no stone has been left unturned. Every one of our developments has strong transport links already in place, and many other wonderful advantages. Including sustainable living, amenities, and shopping close by.

This is another strong reason to start investing in your first home, because prices are still on the low side compared to many other areas. Start your investment today!

The early bird catches the worm, and now is your chance to take advantage of the many incentives which are available, not just from the government, but also from First Home Australia. Contact us here at First Home Australia and find all you need to know. Maybe your new comfort zone is in your first new home. Yes, doesn’t that sound perfect? Contact us today, we truly can’t wait to help you fulfill your dream…

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The Road to Aussie Dream Home Ownership

There has been a lot of talk in the press about the Aussie dream of home ownership coming to an end, with spiraling house prices and less property available, it is easy to understand that this could be true.

For the dream to become a reality, you have to have a plan or some excellent advice, at least.

First off, deposits can sometimes squash many young home buyers’ dreams, especially if the deposit needed is 20%. This can leave them saving for years with no chance to make this a reality. Having a plan to save or seeking assistance from family, or finding out that you are eligible for first homeowners grant from the government. Try all of these!

A $15,000 incentive certainly changes things when it comes to purchasing your first home. Add this to your savings, and you can be well on your way with First Home Australia. Now all you have to do is to reach the required 20%, or less in many cases.

First Home Australia can make this road much shorter for you; we have thousands of homes available that have required deposits at a much lower rate than the 20%. This can leave you in a much stronger position than ever before.

You may have a dream about your desired location; here we come up trumps again. We have many properties available that are strategically placed around many up and coming desirable areas. Now you have a choice of a new home in an area, that can leave you within minutes of all the best amenities required, be it schools, shopping or transport into the city close by.

First Home Australia are not content with the Aussie dream fading, we want you to find that this dream is not just alive and kicking, but that it is truly possible. First Home Australia has thousands of happy clients who took advantage of our expertise and our amazing properties.

Our dream is to help first home buyers to achieve theirs. From our simple three-step process, we can help you find all about your entitlements, and have you living your dream in the shortest possible time. Take the initiative and grab hold of the incentives while you can, make your dream a reality today! We can’t wait to help you.

Can I Really Get My First Home?

Many younger people do not think buying their first home is an actual possibility, this can be for a few different reasons.

House prices

House prices continue to rise, and when people are looking for a home, they are often put off by the ever increase of prices.

Deposits

These are one of the major hurdles when it comes to people buying their first home; they save as hard as they can, only to find that the house prices have increased in line with their savings.

Locations

When younger couples are looking to purchase, they find that in many of the areas, sellers are either selling homes that are way out of their league, or sometimes have been snapped up by investors for rental options.

First Home Australia aims to wipe the slate clean for first home buyers; we have thousands of options available to you when you are considering purchasing your first home. When you ask yourself, if it possible to get your first home, with First Home Australia the answer is usually always, “Yes.”

We have simplified our process which can allow you to purchase your first home in one of the many locations we have a top-rated house and land packages available.

We have many prime up and coming places that can place you within a short distance of your ideal living location. These homes also fit into most budgets, so what you think is not possible could infact, actually be well within your grasp.

As with the deposits, many of our homes come with minor deposits along with other incentives for first home buyers. We also have many professionals in place who can advise you on how best to achieve the government grant toward your new home.

As a company, we know how difficult it can be when buying your first home. Actually, this was our reasoning behind simplifying the process and making sure we give the best possible advice. We also stand behind all of our homes and services; this allows us to offer many incentives for customers of First Home Australia when they purchase their new home.

The time is now for you to take action and to stop dreaming of something that you may never be able to reach. We have brought the possibility of your dream home well and truly within reach of your grasp. Contact us, today.

Where to Find a Good Home Finance Company

When you are looking to purchase your first home, the house and land package choice can be the easiest part of the whole process, and the hard work comes when you are looking for the ideal lender.

What Lenders Look For:

These lenders review vast amounts of information regarding your credit history and regular savings along with your annual income.

For many people looking to purchase their first home, it can be difficult to meet all of these requirements easily, and this, in turn, can make it nearly impossible to be in a position that you can actually purchase your first home. If you decide to save, the chances are property prices have also risen in line with any savings you have managed to make, and this will leave you in the same position as when you started. And for many, this will mean extra rent has also been paid.

First Home Australia Solutions

First Home Australia has looked at these problems and come up with solutions that now make it much easier for first home buyers to purchase their first home.

One of the first things we decided to do was offer fixed priced contracts which leaves no hidden extras, so the price we quote is the price you will pay!

We then make the entire process of being eligible as simple as 1,2,3:

  1. Contact First Home Australia to obtain a preliminary qualification.
  2. Decide which house and land package meets your needs in any of the locations we cater to.
  3. Once you have received approval, our home specialists will guide you through the remaining steps of the process.

The Best Finance Solution

First Home Australia can be your ideal finance company as we deal closely with the developers and are ideally placed to offer the best deals available on our many thousands of house and land packages.

If you are currently renting, we are also proposing to pay rental charges for our clients until their home has had its construction completed and the keys have been handed over for you to take occupancy. We can also use any rental history you currently have, to go towards your proof of savings which will help with your financial application.

If you act quickly, you can also take advantage of the full government grant which is being offered along with the First Home Bonus Incentive. This can make purchasing your first home a breeze and much cheaper than you thought possible.

Rent to Own or Rent without Owning

Both of these options can have benefits.

Rent to Own

With this method of renting, you would agree on a price with the landlord to purchase the property once the set period has come to an end. Once this has been done and contracts have been signed, your rental fee will include a percentage which goes against the deposit, so, for example: you could pay an increased rate for two years, and this increase is also the deposit at the end.

This has a couple of major downfalls:

If the landlord falls on hard times, he may be forced into selling his property which would leave you homeless, and there is a good chance you will have lost the money you have paid to towards your deposit.

There is also the scenario that, if you wish to move, you will also forfeit any of the excesses which have been saved towards your deposit at the end of the period.

Rent Without Owning

This is a much cheaper option than renting to own and also comes with some of the similar downfalls. Leases are usually for 12 months so at the end of this you are at the hand of the landlord; who is free to increase the rent. He/she may sell his property which can leave you looking for a new place to live. You will also find you are tied to the limitations of the landlord with regard to what you can do or can’t do. This can limit your freedom and prevent you from building a home.

First Home Australia

We have thousands of land and home packages available in Queensland which fit any budget, and on many occasions the cost of purchasing one of these works out cheaper than renting. If you act now and are eligible for the full grant from the government for purchasing your first home, First Home Australia are offering a further bonus incentive. We are also giving you the chance for your rental to be paid until your home is fully constructed. And until the final contracts have been signed, and you have the keys.

When you look at all that is available, you not only receive the equivalent of many months’ rent, you also have your home that’s a great investment opportunity for many years to come.

Things to Do Before Moving to Your New Home

Moving into a new home can be very exciting, especially if you are a first home buyer. A simple checklist is all that is required to keep on top of things to make sure you have everything in place ready for your big day.

Internet Connection

This should be booked for connection at least three weeks before you plan on moving.

Energy

Electric and all other amenities need to connect to your new home. Likewise, all these should be disconnected from your previous address ready for the day you move out. This can be a quick call to your new utility provider to give them the date when you need the power and other utilities to be connected to your new home address.

Contact Information

Friends and family should be informed of your moving day and your new address. A simple text or email is more than enough to keep them informed.

Change of Address

This should be done as soon as possible, so there is no need for new tenants in your old address forwarding or returning mail. The post office should be the first place to be informed and any government institutions along with:

Any subscriptions you may have

Car insurance company

The electoral roll

Bank details

Update detail with superannuation funds

House and Contents insurance

Contacting your insurance company for house and contents insurance on your new home is crucial to make sure you will be covered on your moving day. Insurance for your old address should cease the day after you have moved out, and the new policy should be set the day before you move in.

Have Your New Home Cleaned

On many occasions, people enlist the services of professionals to give their new home a thorough clean. House and land packages from First Home Australia are completed and left in a condition that is spotless, inside and out ready for you to move straight in.

Spare Keys

Once you have your new set of keys, you should have an additional set cut, so that on your moving day you can be less stressed.

First Night Box

You should prepare a box with all important things you may require for your first night before you have unpacked.

Clean Clothes

Toilet Paper

Bed Sheets

Kettle

Coffee and Tea

Condiments

All of these can make your first night more enjoyable, rather than searching through boxes to find where you have packed things.

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The Benefits of Renting Your Home

Renting a home can bring with it great benefits while you are looking for your ideal first home.

Renting Benefits

Maintenance – When renting you will have no maintenance costs because this is the responsibility of your landlord, but this also means you are not free to make any changes to the property.

Fluctuating Mortgage Rates – You will be free from any changes of mortgage rates until your current lease expires, but any change will be reflected in the rental payments if you continue and renew your contract.

Flexibility – Once your contract expires, you have the chance to move freely and live where you want.

First Home Australia

As a company, we have looked at the benefits of renting and tried to make it a much more viable option to purchase your own home rather than being stuck in the rental trap. Where you are unable to save enough to cover your deposit.

Many of our house and land packages come with low deposits. We also take your rental history into consideration when it comes to your acceptance for finance, and this shows well if you have a good financial standing. Especially if you are already certified which makes you an ideal candidate for First Home Australia.

If you act quickly, you can still be eligible for the full government grant which is available until midnight on the 30th of June 2017.

First Home Australia are also offering a bonus incentive of $10,000 for our clients when they purchase a new house and land package from the many thousands we have on offer.

We have properties in prime locations that are priced under many current rental rates, and purchasing a house and land package from us means you can finally build a home and a life for you and your family. All without the worry about what will happen at the end of your contract.

If you look at maintenance as an issue, we offer a 6-year structural guarantee and also a 12-month guarantee for all materials and craftsmanship as standard. In regards to any of the many appliances which have been fitted, these come with manufacturers warranties.

For many younger people who wish to have their own place, they may still look at renting as a quicker option. First Home Australia has also considered this, and our whole process is as simple as three easy steps; from being accepted, to receiving the keys to your first home.

We have many properties available which cover a large area of Queensland, so the choice of the location where you live is now just a matter of choice.

The Best Age to Buy Your First Home

The best age to buy your new home is when you can afford it comfortably, but, sometimes this is an unrealistic answer as there are many varying factors.

As a good example, back in the 1970’s the average age of first home buyers was 25 years, and by 2011 this had increased to 31 years of age. This trend also shows no signs of decreasing, as the ever-increasing land and property prices keep pushing the level of deposit required upwards.

Another report shows that between 2011 and 2015, first home buyers between the ages of 18 – 29 years of age decreased by almost 50%, yet, first homebuyers over the age of 40 increased by 50%, and first home buyers over the age of 50 increased by over 100%.

Save Earlier

It is much better to start saving at a younger age so your savings can build up to meet any increase that occurs by the time you are looking for your first home. A secondary benefit to saving much earlier is that you can establish a better credit rating as you get older.

Buy Smarter

A second alternative can be a much wiser and smarter way of buying your first home while you are younger, and this can be choosing to use the services of First Home Australia. Now, we currently have 1000s of home and land packages and properties for you to choose from, and many of these have super low deposits required.

If you feel you are at an age where you can afford your first home now, you should contact our professionals who can give you advice and see what your best options are for any savings you currently have towards your first home.

First Home Australia Bonuses

It is also worth acting now, even if you are in your younger years. If you can meet all of the requirements for the Government grant of $20,000 towards your first home, it’s really worthwhile. On top of this, if you are eligible First Home Australia, we offer a bonus incentive of $10,000 for clients along with a new Promotion in selected areas, where First Home Australia will pay your rental costs… all while your first home is being constructed!

Buying smarter with First Home Australia is a much better option for you now and any increase in house prices will actually work to your benefit in the coming years.

Call us today!

Benefits of Buying Your First New Home

There are many benefits of buying a new home compared to an established one, and none of these have ever been so present as they are right now. But time is running out to take full advantage and to reap the most benefits available. You need to act NOW!

House and land packages currently offer the most benefits, especially if you are a first home buyer and a client of First Home Australia.

Grants and Incentives

For a short while, the full $20,000 is available for first home buyers if you are eligible. Contact us today! First Home Australia offer an incentive bonus of $10,000 for all of their eligible clientele.

Call us today!

Stamp Duty Savings

On home and land packages, you can make further savings from paying stamp duty, because this is only paid on the value of the land as your home has not yet been built! This saving can amount to a further $8,000 (approximately) in savings.

Low Maintenance

Home and land packages will require less maintenance as they have just been constructed. If a home and land package is purchased through First Home Australia, you will receive a guarantee for 6 years on the structure of your home, and a 12-month guarantee on all materials and workmanship. Any appliances which are included in your home will be covered by the manufacturer’s warranty. This information is correct at the time of print.

Location

With home and land packages from First Home Australia, you now have a choice of loads of properties in many prime locations that you would not have considered if you looked for an established home. You also have the benefit of being able to move in immediately rather than the old owner having to move out of their old property.

Investment

New homes provide a much better investment opportunity compared to older homes, in most cases. They also require less maintenance and they will attract a better class of tenant if you are in a position to use your new home as an investment property.

**Note: for first home buyers, you must reside in this property for a period of six months from when the building has been completed before you can rent it.**

First Home Australia, are holding their first promotion on NEW Home and Land packages, where we will “Pay Your Rental” until your home has its construction completed. This promotion is currently available on new properties in Yarrabilba, and the promotion will be followed by other prime areas very soon. So, hurry, because these may fall beyond the cut off time to achieve the full government grant option.

Act today… we can’t wait to hear from you!

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How Much House Can You Afford?

Once you decide to look for your dream home, there are two very important factors which you should consider, and some questions should be answered, as they can have a major impact on the type of home that you purchase, or in fact the future after you have purchased a home.

What Can You Afford to Borrow?

When looking for a home loan, there are specific criteria which must be met with some of the more common are as follows:

  • A minimum deposit based on the value of the property (loan-to-value ratio known as LVR)
  • Employment status and income
  • Any previous credit card limits and/or personal debts
  • Any savings history or repayments history you have had on car loans etc.

All of these are used in the calculations in deciding the answer that will denote how much house can you afford? Yet there are the other factors of how much you can afford to pay monthly as well. Take a look at your budget. Expenditure versus Income.

Mortgage and Lender Fees

Although there are many different home loans which are available, each one will have a different set of charges and fees set against it, these can include:

Service Fees 

These are imposed as a cost of actually processing your loan.

Mortgage Insurance

The lender’s mortgage insurance is a fee which can be charged by your lender if a deposit equates to less than 20% of the purchase price of the property.

Special Feature Fees

Loans can have different features associated with them, and in many cases, these will attract more fees or whether or not the interest is variable, as an example: a redrawing account or an offset account can actually cost more than a standard type of home loan.

Associated Costs

To get a home loan, you must actually reserve funds to cover conveyancing because your home and contents insurance and stamp duty (refer to concessions on this) will apply here.

All of the above are important factors, and professional advice should be taken as to what you should actually need to pay and what you shouldn’t. Always use a finance broker who has been accredited.

When deciding what you can afford, you should and need to draw up a budget.

You will have to make a list of all your incoming money and expenses. Minus the expenditure from your income, and this will give you a good idea of what funds you have available with that you can put towards your mortgage. When calculating all of these you should reserve a certain amount which can cover any expenses which are unexpected including changes in the interest rates.

Tips on what you can afford:

Income – Your mortgage payments should not be more than 35% of your total gross income.

Expenses – List your current expenses along with any future ones you may have including unexpected scenarios which may be encountered, examples being: having children, or employment status in the future.

Home Loan – This will be the overlying factor which dictates what you will need to repay. So, don’t overstretch yourself, and remember, the larger your deposit, the smaller your repayments will be.

When asking yourself, how much house can you afford? you can see there are many factors you need to consider. And you should always seek the advice of experts, who will help you find the ideal balance when looking for your new home.