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Your first home, without the confusion.

Grants, schemes, stamp duty exemptions, deposits, pre-approvals, there's a lot thrown at first home buyers. We guide you through every step, in plain English, for free.

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First Home Buyers

From 'where do we start?' to settlement day.

Buying your first home is exciting, and overwhelming. Most first home buyers don't know what they don't know: which government schemes they qualify for, how much deposit they really need, what lenders look for, or what happens after an offer is accepted. That's exactly the gap we fill.

In NSW, eligible first home buyers pay no transfer (stamp) duty on homes up to $800,000, with a concession up to $1,000,000, a saving that can exceed $30,000. Federal schemes can let eligible buyers purchase with as little as a 5% deposit without paying lenders mortgage insurance. We'll map out which of these you can use, and how they stack together.

Then we do what brokers do best: compare 35+ lenders for the loan that fits your deposit, income and plans, prepare your application properly, and stay beside you from pre-approval through to picking up the keys.

Why it works

Why first home buyers work with us

Every Scheme, Explained

Eligibility rules change and schemes have caps and conditions. We keep across the detail and tell you exactly what applies to you, and what it's worth in dollars.

Borrow With Confidence

We tell you your real budget before you fall in love with a property, and arrange pre-approval so you can make offers knowing your finance is ready.

A Human Through It All

First-timers get our most patient service: every step, every document, every piece of jargon explained. You'll never wonder what's happening with your application.

Run the numbers

NSW stamp duty calculator

Estimate your transfer duty, and what the First Home Buyers Assistance Scheme could save you.

Estimated transfer duty
$0
First home buyer saving
$28,162
Full exemption, no transfer duty.

Estimates only. Uses NSW transfer duty rates for FY2025–26 (thresholds are indexed each 1 July) and approximates the FHBAS concession between $800k and $1m on a linear scale. Excludes surcharge purchaser duty, mortgage registration and transfer fees. Check current rates at revenue.nsw.gov.au. Results do not constitute credit advice or an offer of finance, and your eligibility depends on a full assessment of your circumstances. Talk to us for figures based on your actual situation.

Common questions

First Home Buyers FAQs

How much deposit do I need as a first home buyer?
As little as 5% with some lenders, and under the federal First Home Guarantee, eligible buyers can purchase with 5% and pay no lenders mortgage insurance. Genuine savings requirements and price caps apply, and a bigger deposit always improves your options. We'll show you what's achievable with what you have.
Do I pay stamp duty as a first home buyer in NSW?
Under the First Home Buyers Assistance Scheme, eligible buyers pay no transfer duty on new or existing homes up to $800,000, and a concessional amount between $800,000 and $1,000,000. You must move in within 12 months and live there for a continuous period, among other conditions.
What is lenders mortgage insurance (LMI)?
LMI is insurance that protects the lender (not you) when you borrow more than 80% of a property's value. It can cost thousands, but it's also what makes low-deposit buying possible. Government guarantee schemes, family guarantees, or profession-based waivers can avoid it, we'll check every avenue before you pay it.
Can my parents help without giving me cash?
Possibly, many lenders accept a family security guarantee, where parents use equity in their own home to top up your security, removing the need for LMI and sometimes the deposit hurdle entirely. It needs to be structured carefully, and we'll explain the risks and obligations to everyone involved.
How long does it take to get pre-approved?
Once we have your documents, pre-approval typically takes anywhere from a couple of days to two weeks depending on the lender. We'll prepare your application so it's right the first time, most delays come from incomplete paperwork, which is exactly what we prevent.

Take the first step toward your first home.

A 15-minute chat will tell you what you qualify for and what your budget really is. No pressure, no jargon.

Get StartedCall 0455 721 087
Get in touch

Start your enquiry.

Your information is kept confidential and used only to respond to your enquiry, as described in our Privacy Policy. Toukan Finance is an Authorised Credit Representative (CRN 577748) of Outsource Financial Pty Ltd (ACL 384324).

Call Daniel, 0455 721 087