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Fen Barraclough

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First home loans | Mortgage Broker in Redland Bay, Manly and Wellington Point

Start your home loan journey today

Why use a Mortgage Broker to help secure your first home loan?

As a first home buyer, it can feel overwhelming when it comes to finding the right finance solution to suit your needs. As your local Mortgage Broker, Fen Barraclough simplifies this process by:​

  • Assessing your borrowing capacity based on your financial situation.
  • Comparing loan options from a wide panel of lenders to find the best fit.
  • Explaining loan features in clear, understandable terms.
  • Assisting with applications for government grants and incentives.
  • Managing the paperwork and liaising with lenders on your behalf.​

With Fen's assistance, you can confidently make informed decisions throughout your home buying journey. Book a meeting with Fen this week to chat about your options.

First Home Owner Grant (FHOG)

As a first home buyer, you may be eligible for the First Home Owner Grant.

For buying or building a new home, the grant amount is:

  • $30,000 for contracts signed between 20 November 2023 and 30 June 2025.
  • $15,000 for contracts signed before 20 November 2023.

For owner-builders, the grant amount is:

  • $30,000 where foundations are laid between 20 November 2023 and 30 June 2025 (both dates inclusive)
  • $15,000 where foundations were laid before 20 November 2023.

After 30 June 2025, the grant amount will revert to $15,000.

The property value cap is:

  • The home's total value, including land and any contract variations, must be less than $750,000.

You must also:

  • Move into the home within 12 months of completion and live there continuously for at least 6 months.
  • Have at least one applicant who is an Australian citizen or permanent resident.
  • Not have previously owned residential property in Australia that you have lived in.

To learn more about the FHOG, visit the Queensland Revenue Office here.

Ready to take the first step?

Purchasing your first home is a significant milestone, and having the right support can make the experience more enjoyable and less stressful. Contact Fen Barraclough today at 0422 071 026 to begin your journey.​


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