The size of your deposit is one of the most important factors affecting your home loan interest rate and the amount you can borrow. How much deposit you are able to put down will also determine the kind of loan you qualify for. Fill out our quick qualifying questionnaire now and we will be able to tell you how much deposit is needed for your new home at Spring Creek.
What do I need to know before buying my first home
There are so many choices when you start shopping around for your new home. Do I buy established or do I build new? There is always a special feeling of pride when you build your first home. Finding the perfect block of land in your preferred location is sometimes more difficult than you realise. That’s why it is important to seek advice from reputable and knowledgeable sales consultants.
How much house can I afford?
How much house you can afford is easy to work out with the 28/36 rule. It’s pretty straightforward. Maximum household expenses shouldn’t excess 28% of your monthly income. And total household debt shouldn’t exceed more than 36% of your gross monthly income. Don’t worry if that sounds tricky to calculate, we are able to help you figure out what size house and land package you can afford to buy now at Spring Creek.
How easy is it to save a deposit for my first home?
Saving money for a deposit to buy your first home may require some sacrifices. But keep in mind that having a property to call ‘home’ is one of the most rewarding life experiences. It's time to write down how much you earn and how much you spend. Get a piece of paper or create a spreadsheet. If you want some fast tips on how to begin budget planning and saving for your new home deposit, then contact us now we have some quick start plans that are easy to follow.
FIRST HOME OWNERS $15,000*
First Home Buyers Grant
The Queensland First Home Owners’ Grant is a state government initiative to help first
homeowners to get their new first home. If your contract is dated 1 July 2018 or later,
you can get the Queensland grant of $15,000 towards buying or building your new house,
unit or townhouse (valued at less than $750,000). The grant is paid per new home; not
to each of the applicants for the same home.
To be eligible for the grant:
You must be at least 18 years of age
You must be an Australian citizen or permanent resident (or applying with someone who is)
You or your spouse must not have previously owned property in Australia that you lived in
You must be buying or building a brand new home
The value of the home including the land is less than $750,000.
You must move into the new home as your principal place of residence within 1 year of the
completed transaction and live there continuously for 6 months