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With our First Home Buyer Boost, you can now purchase your home with as little as $5,000 deposit
It's no secret that Australia is facing a major housing crisis. As migration intake continues to increase, rent prices continue to surge with less and less properties available in the market. We created the First Home Buyer Boost as a solution for renters seeking long-term security from home ownership.
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For most of our clients, the biggest challenge is savings the funds required for their home deposit. Now, with the help of the QLD government, eligible first home buyers are now entitled to claim $30,000 to put towards the deposit on a brand new home. To make things even easier, we're providing a $10,000 deposit boost on select home and land packages.
$30,000
FIRST HOME OWNER GRANT
$10,000
=
HOME DEPOSIT BOOST
$40,000
TOWARDS YOUR FIRST HOME
We look after everything for you.
We know it's your first home - so we make it easy!
Claim the latest government incentives
We will help you to take advantage of any government grants and first home buyer concessions to save you money on your initial deposit. As a first time buyer, we understand that every dollar counts.
Help you understand your mortgage options
Navigating the different mortgage options and lending criteria can become overwhelming.
We will help you understand all of the different options available to you based on your
individual circumstances.
Find the right property to suit your needs
We partner with award winning builders and
developers throughout Australia. So we are
confident that we can help you find your ideal home in your preferred area.
Your home ownership journey starts here
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Who is eligible?To be eligible, you simply need to be a home buyer (not investor) purchasing one of our select house and land packages and obtaining finance through our lending specialists.
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How much deposit do I need?This depends on your borrowing capacity, the price of your selected property and eligibility for government incentives. Eligible first time buyers in QLD will be entitled to claim $30,000 towards their deposit, in addition to the First Home Buyer Boost.
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What is Lender Mortgage Insurance (LMI)?LMI is a fee charged by finance lenders. It’s generally charged when you have a deposit which is less than 20% of your property’s purchase price. LMI allows the lender to have confidence in offering you a home loan, even if you haven’t quite reached that 20% deposit. With LMI in place, some lenders will allow you to borrow up to 95% of the purchase price of your home.
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Can I choose the area I would like to live?We understand most people want to live a stone's throw away from where they are renting. Due to our extensive range of developments this is usually possible. However, choosing your first house to fit your budget is priority. Kallea could encourage moving up to a 10km radius from your rental to own your own home and give you security for life.
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Can I choose my colour selection?This is the exciting part of owning your own home. You can now have the colours you want. All of our builders have excellent designers that match colours to make your home flow and fit your own taste too.
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How long does the process usually take?Typically finance approval once submitted can take up to 4 weeks, once finance has been approved the build period is generally 18 - 25 weeks, subject to weather.
