General information · Policy last reviewed 2026-10-31 · Confirm your circumstances with your broker and conveyancer.
The Australian Government 5% Deposit Scheme may let eligible first-home buyers purchase with a minimum 5% deposit without LMI. It is a lender guarantee, not a cash grant or a loan approval. Extra costs still apply.
I help check the pathway and coordinate with the participating lender. You provide the requested information and declarations. We also check the First Home Owner Grant and Victorian First Home Buyer Stamp Duty Exemption or Concession separately.
Current Victorian location caps: $950,000 for Melbourne/Geelong and $650,000 for other areas. Price and lender-assessed value must fit the cap; confirm the location with the lender. The First Home Owner Grant does not apply to established homes.
Open the scheme note at any step if you’d like the detail. It is not homework you need to memorise. Different rules apply to the single-parent pathway and Help to Buy.
Here’s what I handle, your part, and where other professionals help. Open the extra detail only when you need it.
A conversation first. A mountain of paperwork is not the entry fee.
I review your income, savings, debts and goals, explain your loan options and identify benefits worth checking. I’ll tell you which documents I need and why.
Tell me about your plans and share the information and documents I request.
The lender makes the credit decision. Your conveyancer confirms legal and stamp duty matters.
House-hunting is your part. Making sense of the finance is where I come in.
I help you explore pre-approval and explain the borrowing position, conditions and costs to keep in mind as you look.
Find a property you like and send me the details before committing. Arrange a conveyancer to review the contract and vendor statement.
Your conveyancer advises on the contract and finance conditions. Building or pest inspectors assess the property where engaged.
You won’t be left guessing what the bank wants next.
I prepare and lodge the loan application, liaise with the lender about its valuation and assessment, and follow up requests and outstanding conditions.
Review and sign the required documents, provide any extra information and tell me if your circumstances change.
The lender decides whether to approve the loan. Your conveyancer manages the contract deadlines.
The bank paperwork and legal transfer come together here.
I help you understand the loan documents and follow up the lender’s outstanding settlement requirements. I keep you informed about the finance steps.
Sign the documents and have your required funds ready, using payment instructions you have independently verified.
Your lender and conveyancer coordinate settlement. Your conveyancer handles the legal transfer and any applicable stamp duty claim.
Yes, this is the part where couch placement finally gets its moment.
I explain the next loan steps and repayment arrangements, and remain a contact for your home-loan questions.
Arrange possession and moving with the agent, meet any occupancy obligations and contact me if your plans change.
Your conveyancer confirms settlement and possession arrangements. The relevant authority decides benefit eligibility.
Rules effective 2025-10-01; reviewed 2026-10-31. Construction timing follows sections 3.3.1–3.3.2 of the official guide. Lender requirements may be stricter. Yash assists with the finance process; lenders decide loan approvals, legal advisers handle contracts and builders deliver construction.
We use “Victorian First Home Buyer Stamp Duty Exemption or Concession” as a plain-English website label. The SRO’s official term is “first home buyer duty exemption or concession”. Previous ownership, partner history, residency, value and occupancy conditions apply. This guide is general, not an assessment or legal advice.