In this episode of Home Buyers Australia, Damien Walker from Atelier Wealth discusses the various schemes in place to support buyers on their quest for home ownership. He covers the First Home Guarantee scheme, the eligibility criteria, and income caps. He then turns his attention to stamp duty, sharing must-know info on the various State schemes in place and the relevant property price caps.
Damien’s top tip is to stop scrolling and take action. Listen to this episode for all the information and motivation you need to make a plan and get that property

In this episode you’ll hear about:

• What is the First Home Guarantee Scheme & how it can benefit you
• Income and Eligibility Requirements for the Scheme
• State-by-State Stamp Duty Exemptions for First-Time Buyers
• Goal setting and getting advice from your mortgage broker

TIMESTAMPS:
00:02 Introduction to the First Home Guarantee Scheme
05:05 Income caps for First Home Guarantee scheme
10:20 Breaking Down State-Based Stamp Duty Exemptions
14:00 Why Early Mortgage Broker Consultations Make a Difference

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus

In this episode of the Home Buyers Australia podcast, host Damien Walker shares his broker know-how, addressing the real questions that first-time buyers need answered. As regular listeners will know, Damien tells it how it is, giving up-to-the-minute intel on topics such as the steps to securing a home loan, borrowing power, and explaining why obtaining pre-approval should be high up on your to-do list.

Listen to this episode to get up to speed on offset accounts, lender requirements, and what you need to know about interest rates. If you’re navigating the home-buying journey, this episode is designed to help you with some of the niggling questions and confusing aspects of the process.

In this episode:

• The importance of knowing your borrowing power
• When and why to get pre-approved
• Understanding interest rate policies
• Offset accounts and whether you need one
• What to expect when working with a mortgage broker
• Unique property risks and navigating bank approvals

TIMESTAMPS:

01:07 Understanding Borrowing Power vs. Buying Power
04:08 Why Pre-Approval Should Be Your First Step
06:14 Interest Rate Depends on Bank Policy
08:10 How Offset Accounts Work
11:28 What is the process of engaging with a Mortgage Broker
17:25 The Next Step After Pre-Approval

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus

In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker unpack one of the most crucial aspects of buying a home: the deposit. If you’re confused about the schemes out there, and want to find out just how much deposit you’ll need to get onto the property ladder, this episode is for you.

You’ll hear about the advantages and disadvantages of different deposit sizes, the implications of lenders' mortgage insurance (LMI), and strategies for both first-home buyers and families upgrading their homes. They discuss why banks require deposits and explain the various options out there, from the standard 20% to the government-backed schemes that allow you to enter the market with as little as 5%.

Jack and Damo will get you to up to speed with the jargon you’ll encounter, and give hope for first time buyers that their starter home may be more achievable than they think.

Timestamps:
00:00 Intro
00:38 Why banks require deposits and how they minimise risk
02:06 What you need to know about Lenders Mortgage Insurance (LMI)
08:26 Overview of the Home Guarantee Scheme and its benefits for first-home buyers
04:21 Saving for your deposit as a first-time buyer
16:17 LMI waivers for nurses, doctors, and other professions
17:31 Parental guarantees: how family equity can help you buy with no deposit

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus