My First Home   Buying your first home is an important step - and if you make the right decisions it can help form the foundation on which to build assets for life. And the right decision doesn't only mean finding the right property - it involves choosing the right type of loan from the best lender too. If you're a first home buyer, you'll typically need to borrow a higher percentage of the valuation of your property. This can involve extra costs such as mortgage insurance. As a first home buyer you may also qualify for government grants and other state and national incentives that may be available from time to time. What is a first home buyers grant? The federal goverment introduced the First Home Owner Grant in 2000 to facilitate buying first homes. The grant is not means-tested and consists of a one-off, tax-free payment of $7,000. State grant will be additional, please call us to find out more.