Your first home starts here, with support you can trust
Buying your first home is one of life’s most meaningful achievements. It’s exciting, full of possibility, and sometimes a little overwhelming. At The Baron Financials, we’re here to make the experience simple, clear, and genuinely supportive from the very beginning.
We take the time to understand your unique situation and goals, so we can tailor the right finance solution for you. With access to a wide network of lenders including banks, credit unions, and specialist providers, we’ll help you find the right loan with confidence.
More than just the numbers, we explain each step in plain language so you feel informed and in control. No pressure, no jargon, just expert guidance with your best interests in mind.
When you reach out to us, you’ll speak with someone who knows your name and understands your journey. We believe in real conversations and long-term relationships, not just transactions.
At The Baron Financials, we’re proud to walk alongside you as you take this exciting step. Let’s find the right place for you to call home.
First Home Buyers Frequently Asked Questions
Please reach us at beast@baronfinancials.com.au if you cannot find an answer to your question.
If you're buying your first home, understanding how much you can borrow is a key first step. Lenders look at several important factors, often called the 5 Cs of Credit: Character, Capacity, Capital, Collateral, and Conditions.
To get started, we'll assess your capacity, which is your ability to repay the loan.
This includes:
- Your income (type, frequency, and amount)
- Existing financial commitments, such as credit cards, car loans, or personal loans
- Your current and future living expenses, especially once you become a homeowner
Every first home buyer's situation is unique, and borrowing power can vary depending on the lender’s criteria.
You may be able to buy your first home with as little as a 2% deposit, thanks to government schemes and lender options designed specifically for first home buyers. While a 20% deposit is traditionally recommended to avoid Lenders Mortgage Insurance (LMI), there are flexible low deposit home loan solutions available depending on your income, credit history and property goals.
It is not just about how much you save, it is about how you structure your finances. We can help you understand what you will need based on your unique situation and guide you through available grants, concessions and first home buyer programs.
As a first home buyer, there are several loan options to suit different goals and budgets. These include variable rate loans, fixed rate loans, split loans, interest only loans, and loans with offset or redraw features. You may also be eligible for low deposit loans starting from as little as 2%, and some lenders allow Lenders Mortgage Insurance (LMI) to be capitalised into the loan, reducing your upfront costs.
Choosing the right structure can help you enter the market sooner and manage your repayments with confidence. At The Baron Financials, we tailor solutions based on your situation and guide you every step of the way.
Stamp Duty Concession & exemptions
Yes, there are several government incentives available to help first home buyers enter the market sooner and reduce upfront costs.
At the federal level, incentives include:
- First Home Guarantee (FHBG)
- Regional First Home Buyer Guarantee (RFHBG)
- Family Home Guarantee (FHG)
- First Home Super Saver Scheme (FHSSS)
- Help to Buy scheme.
At the state level, incentives include:
- First Home Owners Grant (FHOG)
- Stamp Duty Concession & exemptions
Understanding which incentives you qualify for can help you buy sooner and save thousands. We simplify the process and help you apply for the benefits that fit your goals.
When buying your first home, there are several upfront and ongoing fees to be aware of. Knowing what to expect can help you plan with confidence and avoid surprises.
Common fees include:
- Stamp duty
- Lenders Mortgage Insurance (LMI)
- Loan application or establishment fees
- Conveyancing or legal fees
- Building and pest inspections
- Government and registration fees
- Ongoing fees
At The Baron Financials, we break down these costs for you and help you find ways to reduce or avoid certain fees where possible.
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