Finance

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Lending for property in Australia still presents a number of obstacles for first home buyers. Although there are over 90 financial institutions in Australia offering home loan products borrowers are constrained by

• what they can buy
• where they can buy
• how much banks will lend
• hefty ingoing costs such as stamp duty (albeit some concessions)

As a consequence, so are their opportunities, choices and lending options.
Don Hannay | 4/10/2023
* From July 1st, 2018 the Queensland Government's $5,000 boost will expire and the first home owner grant will be reduced to $15,000.
* The Federal Government's first home buyers grant is administered by the relevant State Government. Conditions & concessions can vary between States.
Last Update: 16/01/2024
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