Buying your first home? The finance does not have to be confusing. As a Chatswood mortgage broker, Wonderful Global helps first home buyers across Sydney and the North Shore compare lenders, understand government schemes, and get approved with confidence — in English, Mandarin or Cantonese.
Government help for first home buyers
There are several programs that can make your first purchase easier. Eligibility and thresholds change, so we confirm what you currently qualify for:
- First Home Guarantee — buy with as little as a 5% deposit and avoid Lenders Mortgage Insurance (LMI), subject to eligibility and available places.
- First Home Owner Grant — a grant for eligible buyers of new homes in NSW.
- Stamp duty concessions — first home buyers may pay reduced or no stamp duty up to certain price thresholds.
How much deposit do I need?
Many first home buyers get in with between 5% and 20%. With the First Home Guarantee, eligible buyers can start from a 5% deposit without paying LMI. We calculate your borrowing power and the total cash you will need, including costs.
How Wonderful Global helps first home buyers
We compare the major banks and specialist lenders, check every grant and scheme you qualify for, and manage your application through to settlement — with service in English, Mandarin and Cantonese. Explore related options on our home loans and loan types pages.
First home buyer FAQs
Can I buy my first home with a 5% deposit?
Eligible first home buyers can use the First Home Guarantee to buy with as little as a 5% deposit and avoid Lenders Mortgage Insurance, subject to eligibility and available places. We confirm your eligibility and compare participating lenders.
Do first home buyers pay stamp duty in NSW?
Many first home buyers pay reduced or no stamp duty up to certain price thresholds. Thresholds change over time, so we check exactly what applies to your purchase.
Does it cost anything to use a mortgage broker as a first home buyer?
No. For most home loans the lender pays our commission, so our broking service is generally free to you.
Can you help first home buyers who speak Mandarin or Cantonese?
Yes. We provide full first-home-buyer service in English, Mandarin and Cantonese across Sydney’s North Shore.