Tasmanian First Home Buyers

First Home Buyers

If you are a Tasmanian first home buyer or are buying anywhere in Australia, we have answers to your burning questions. We may have even answered some questions you haven't even thought of yet.

There are a lot of things to consider when buying your first home and it can be difficult to know where to start. We want to make the experience of buying your home enjoyable and our blogs are a good place to start your journey.

Included in our blogs is information on available grants - including the Tasmanian Government First Home Owners Grant and the Federal Goverment First Home Deposit Scheme (FHLDS) along with expenses that you may not have considered, especially Tasmanian Stamp Duty (as a first home buyer, you may be eligible for discount on your stamp duty!).

Also Included in the blogs are links to calculators you may find useful. So be sure to read on.......

Fbt hobart

Get into your first home sooner with a parental guarantee!

Buying a house is likely the biggest investment you will ever make. Over the last three years, Tasmania has seen record rises in real estate prices meaning saving for a deposit to get your start in the property market is no small task. Recently released statistics show that almost 60% of first home buyers rely on help from the 'bank of mum and dad' when buying their first home.

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Finance Brokers Tasmania - fixed interest rates

Government Grants - A budget Update 2022/23

If you missed the 2022-23 budget announcements this week, you may have missed the incentives announced for home buyers. While most are not new, the government have increased the number of spaces available for eligible home buyers through their Home Guarantee Scheme.

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FBT Hobart Bec and Dini

The Advantages of Applying for Pre-Approval

Commonly, people start their property search by attending open homes, talking to agents, making offers, applying for their loan and then waiting for approval… but this doesn’t have to be the case. Applying and being accepted for a loan can be your first step, and while not essential, it is great way to ensure you don't miss out!

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Finance Brokers Tasmania Rebecca Cooper

Tasmanian Stamp Duty Explained!

We've all had to pay more than we expect. Maybe it's the extra 50 cents for a sauce sachet with your pie, or a $1 additional shot in your morning latte.

Buying a property is no different. You'll have to pay a little extra on top of the purchasing price. The official term is call stamp duty.

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Finance-Brokers-Tasmania-credit-score

Be worthy! (Creditworthy, that is.)

Be aware that every forgotten electricity bill, loan repayment, and credit card application is being tracked… But you can put away your tin foil hat! You’re being assessed for your credit score.

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Finance Brokers Tasmania Hobart Team 10

The loan process equation (or, how much can I borrow?)

When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.

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Finance Brokers Tasmania Loan calculators

Loan calculators

During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!

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Fbt government building grants

Government building grants – an October 2021 update

Homebuyers, builders, and renovators take note! You may be eligible for a government incentive to help you with your dream home.

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Finance Brokers Tasmania Lance and Jake meeting

Offset and redraw explained

When looking for a home loan, a low interest rate isn’t the only thing you need to consider. It’s also important to look into your options to set up redraw and offset accounts.

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Finance Brokers Tasmania selling a house Hobart

What expenses do you have to pay when you sell a house?

We’ve already talked you through the costs associated with buying a home, but what about selling?

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Finance Brokers Tasmania Jake Birtwistle Lance Cure

What does a finance broker actually do?

Since we’ve recently gained a few new followers, we thought now was as good as time as any to introduce (or reintroduce) ourselves.

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Finance Brokers Tasmania - tracking your monthly expenses

Tracking your monthly expenses

Do you track your monthly expenses? When life’s busy, it’s so easy for your finances to not be a priority (did someone say Netflix binge?!). But we’re here to remind you that it’s actually really important to set some time aside each month to audit your spending (sorry guys).

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