Victoria

First home buyer - find out if you're ready

FREE first home buyer calculator

Are you ready? Find out below!

Do I have a sufficient deposit to buy an existing home in Victoria?

Results

Total cost to purchase

$ 604,929

Enter your deposit

Total deposit

$ 35,000

Enter your Purchase Price

Total Home Loan required

$ 569,929

Property Location

Where is the property located?

Metropolitan Melbourne or Geelong Rest of Victoria

Government & Settlement Costs

Mortgage Repayment Frequency

Land Transfer Fee

$ 1,500

Mortgage Repayments

$ 3,468

Settlement Costs (estimated)

$ 3,300

Loan to Value Ratio (LVR)

94.99 %

Mortgage Registration

$ 129

To purchase at this price, you need 5% deposit. Or alternatively, you can use a Family Guarantee.

You might consider either reducing the purchase price or increasing your deposit amount. Or alternatively a Family Guarantee will allow you to purchase for this amount. Get in touch with David Cavigan to find out more.

You're ready to buy!! Congratulations!

Your deposit qualifies for the government's First Home Guarantee, allowing you purchase a home without paying Lenders Mortgage Insurance (LMI). Connect with David Cavigan, your dedicated Mortgage Broker specialising in first-time homebuyers. Schedule a phone consultation using the calendar below.

You're ready to buy!! Congratulations!

Connect with David Cavigan, your dedicated Mortgage Broker specialising in first-time homebuyers. Schedule a phone consultation using the calendar below.

Total Stamp Duty

$ 0

5% of purchase price

5.83 %

Stamp Duty payable

To purchase at this price, you need 5% deposit. Or alternatively, you can use a Family Guarantee.

You're ready to buy!! Congratulations!

Connect with David Cavigan, your dedicated Mortgage Broker specialising in first-time homebuyers. Schedule a phone consultation using the calendar below.

Stamp Duty payable

This is for the written results - Melb & Geelong >80%LVR

This is for the written results - Melb & Geelong <80%LVR

This is for the written results - Rest of Vic >80%LVR

This is for the written results - Rest of Vic <80%LVR

The purchase price might be a little high.

The maximum purchase price to qualify for the First Home Guarantee scheme and avoid Lenders Mortgage Insurance (LMI) in metro Melbourne and Geelong is $800,000. Otherwise, you will need either a 15-20% deposit or Family Guarantee. Get in touch with David Cavigan to find out more.

You're ready to buy!! Congratulations!

Connect with David Cavigan, your dedicated Mortgage Broker specialising in first-time homebuyers. Schedule a phone consultation using the calendar below.

The purchase price might be a little high.

The maximum purchase price to qualify for the First Home Guarantee scheme and avoid Lenders Mortgage Insurance (LMI) outside of metro Melbourne and Geelong is $650,000. Otherwise, you will need a 15-20% deposit or Family Guarantee. Get in touch with David Cavigan to find out more.

You're ready to buy!! Congratulations!

Connect with David Cavigan, your dedicated Mortgage Broker specialising in first-time homebuyers. Schedule a phone consultation using the calendar below.

*With your purchase falling below the $600,000 threshold, you stand to save tens of thousands of dollars avoiding stamp duty.

*As a first-time homebuyer purchasing at this price, you'll save thousands of dollars thanks to the reduced stamp duty.

Victoria

First home buyer - find out if you're ready

FREE first home buyer calculator

Do I have a sufficient deposit to buy an existing home in Victoria?

Results

Property Location

Government & Settlement Costs

To purchase at this price, you need 5% deposit. Or alternatively, you can use a Family Guarantee.

You're ready to buy!! Congratulations!

You're ready to buy!! Congratulations!

To purchase at this price, you need 5% deposit. Or alternatively, you can use a Family Guarantee.

You're ready to buy!! Congratulations!

You're ready to buy!! Congratulations!

The purchase price might be a little high.

You're ready to buy!! Congratulations!

The purchase price might be a little high.

You're ready to buy!! Congratulations!

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