Couple buying a new property

How long do you intend to keep this house?

That’s one of the first questions we ask any first-time home buyer. Will you
vacate the premises and transform it into a rental property?  

Perhaps this will be your forever home ?

We’ve seen a lot of first-time home purchasers overspend and waste valuable tax deductions because they didn’t prepare ahead.

With years of experience in the sector, we can advise you on what is required, what is worth the extra cost, and how to get the most out of any property for the time you own it.

The Novaturient consultants will be able to guide you through the process of buying your first home, looking at options of Building, Buying off the plan or buying established and the pros and cons attached to each option.

We can assist with all aspects of your first home

Recommended Builders

Government Grants

Land Choices

Existing Properties

Buying your first home is an emotional decision and is often the first major investment (and significant financial outlay) for someone so understanding that decision and making the right move can make a world of difference to your financial future.

Before commiting - ask the novaturients

Novaturients have been buying and selling homes for over 15 years and have helped an abundance of new home buyers get into their first home – We also work to find smart saving techniques and cashbacks, putting money back into your pocket!!

More than 15 years of experience.

With you every step of the way.

Transparent terms.

Professional advice.

5 tips for first home buyers

1
Pre Approval

Getting a pre-approval done before looking into homes will give you a clearer picture as to how much you can borrow. Remember, that a Pre approval is not a guarantee. The Pre approval will also allow you to start to figure out how much of a deposit you’ll need.

2
Check for Grants

It’s important to check what grants are available and what you might be eligible for. Grants such as the first home buyers grant is a one-off payment that can greatly assist new home buyers get into the market. Other grants that might be available are stamp duty concessions and the new home guarantee which can replace the requirement for lenders mortgage insurance!

3
Know your upfront costs

Understand all of the costs around the property.

Purchase Price
LMI ( Lenders Mortgage Insurance) – If your deposit is less than 20% you may need LMI which is a one off payment to the lender.
Government Charges – Stamp Duty, Transfer Fees & Mortgage registration
Conveyancer – The conveyancer prepares the necessary paperwork for you and will conduct the settlement on your behalf
Moving – Remember to allow for the costs of a removalist van / Truck or the cost of hiring a company.

4
Deposit

Check with your lender as to what your required deposit amount is. If you are not paying for the property outright (which not too many will be) than you’ll require a loan with a deposit. Different lenders have alternative lending criteria – Some with deposits of 5% while others are 15-20% so it is worth checking this out as that can be a significant difference.

5
Understand your costs after settlement

Knowing your ongoing costs will help you to design a budget and ensure you have sufficient funds for the property repayments. Loan Repayments will be your main cost which is often setup on a monthly cycle over 25-30 years. Other expenses to be aware of are – utilities ( Electricity, Gas, Phone, Water) as well as council rates, insurances and possible strata/community title fees.