1st Home Buyer Queensland
Discover 1st Home Buyer Queensland Opportunities with Luxe Finance Group
Rated 5 from 58 Reviews
Discover 1st Home Buyer Queensland Opportunities with Luxe Finance Group
Rated 5 from 58 Reviews
Purchasing your first home in Queensland is an exciting milestone, and Luxe Finance Group is here to help make that experience as smooth as possible. Specialising in Home Finance & Mortgage Broking, we provide access to home loan options from banks and lenders across Australia. Our services cater specifically to 1st Home Buyers in Queensland, ensuring you can confidently step into the property market. With our expertise, you can explore various 1st time home buyer programs and schemes, including the 1st Home Owner Grants (FHOG), designed to assist you in buying your first home.
Understanding the financial landscape is crucial for 1st Home Buyers in Queensland. One of the primary considerations is the interest rate on your home loan. Luxe Finance Group offers guidance on both fixed and variable interest rates, helping you decide which option best suits your financial situation. Fixed interest rates provide stability, allowing you to plan your finances with certainty. On the other hand, variable interest rates might offer more flexibility, potentially benefiting you if interest rates fall. Our brokers will work with you to explore interest rate discounts and ensure you get the most suitable deal.
Another important aspect to consider is the loan amount you can borrow. Luxe Finance Group assists in assessing your borrowing capacity, taking into account factors such as income, expenses, and existing debts. We streamline the application process by helping you gather necessary documents like bank statements and understanding your loan to value ratio (LVR). This ratio is crucial as it affects the lenders mortgage insurance (LMI) you might need to pay if your deposit is below a certain percentage of the property's value. Our aim is to simplify the process of applying for a home loan so that you can focus on finding your dream home.
For 1st Home Buyers in Queensland, understanding the benefits of various packages is essential. Luxe Finance Group provides insights into options like offset accounts, which can reduce the interest paid over the life of your loan. Additionally, we help you explore 1st time home buyer schemes that might offer concessions on stamp duty or other costs associated with buying a home. These benefits can significantly impact your overall financial commitment, making it easier to manage your new mortgage.
When considering investment properties, Luxe Finance Group also offers advice on investment loan options. If you're planning to purchase your 1st investment property, we guide you through the investment loan application process. Our brokers have access to banks and lenders nationwide, ensuring you receive competitive offers tailored to your investment goals. Whether you're buying your first home or expanding your property portfolio, Luxe Finance Group provides comprehensive support every step of the way.
The property market in Queensland presents numerous opportunities for 1st Home Buyers. Luxe Finance Group is committed to helping you understand these opportunities and make informed decisions. From getting pre-approved for a loan to exploring various packages and benefits, our team is here to support you. As you embark on this exciting journey of buying your first home, trust Luxe Finance Group to provide the expertise and resources you need.
Luxe Finance Group stands ready to assist 1st Home Buyers in Queensland with every aspect of purchasing a property. Our comprehensive services ensure that you're well-equipped to tackle the financial aspects of buying a home. Whether you're interested in exploring 1st time home buyer programs or securing an investment loan, our team is here to guide you. Contact us today to begin your journey towards owning your first home in Queensland with confidence and clarity.
https://qro.qld.gov.au/property-concessions-grants/first-home-grant/eligibility/
2. Stamp Duty Concessions
https://www.qld.gov.au/housing/buying-owning-home/home-buyers-financial-help/transfer-duty
3. First Home Guarantee (FHBG) - UPDATED from 1st of October 2025:
The FHBG is a federal initiative administered by Housing Australia, designed to assist eligible first home buyers in purchasing a home with as little as a 5% deposit, without the need to pay Lenders Mortgage Insurance (LMI)
These changes aim to broaden access to the scheme and assist more Australians in achieving home ownership.
If you're considering purchasing your first home in Queensland and want to take advantage of these incentives, feel free to reach out for personalised advice and assistance by booking a discovery call https://luxefinance.com.au/book-appointment/
1. Booking Your Strategy Session
Your loan journey begins with a scheduled appointment—either in person at our West Perth office, via video, or over the phone. During this stage, we confirm your goals and timelines, whether you're purchasing, refinancing, or investing, and outline what to expect in the process ahead. You’ll receive a welcome email containing a digital fact find and a tailored document checklist. To ensure an efficient consultation, we ask that you prepare supporting documents including identification, proof of income, and details of any liabilities.
Outcome: Create a relationship with a professional that sits on your side of every transaction.
2. Financial Review & Strategy Consultation
Before the consultation, we undertake a preliminary review of your financial position, including income, assets, liabilities, credit history, and your ongoing expenses. This allows us to tailor the discussion and present relevant options from the outset. In your consultation, we explore your financial and lifestyle goals, property strategy, and any applicable structures such as trusts or companies. We also assess your eligibility for relevant government incentives like the First Home Guarantee or stamp duty concessions. Based on your banking conduct and preferences, we assess your borrowing capacity across our panel of lenders and outline strategic loan structuring options that suit your objectives.
Outcome: A clear understanding of your financial position and an aligned loan strategy with relevant lenders shortlisted.
3. Lender Policy Analysis & Pricing Strategy
With your financial position and goals clarified, we conduct a targeted analysis of lending policies, ensuring shortlisted options align with your needs. We assess more than just interest rates—we consider policy fit, speed of assessment, and the lender's risk appetite. We also explore your eligibility for government schemes, request discretionary pricing where applicable, and assess structural elements such as fixed vs variable rates or offset accounts. This stage ensures we present a tailored shortlist of lending options with clearly outlined pros and cons.
Outcome: Transparent shortlist of suitable and competitive options, enabling informed lender selection.
4. Confirming Lender Selection
Once pricing, policy, and structure have been finalised, we present a clear recommendation for the most appropriate lender and product. This includes confirming the fixed and variable interest mix, identifying features such as redraw or offset facilities, and exploring any cashback offers or ongoing fee waivers. At this stage, we’ll also determine whether your application proceeds as a pre-approval (for property search) or formal approval (if a contract is already in place).
Outcome: Lender confirmed and loan documentation prepared.
5. Lodgement & Tracking
We manage your application from submission through to decision, ensuring accuracy and speed throughout. This includes compiling all required documentation and submitting the application via lender platforms. You’ll receive real-time updates via email, SMS, or phone, and we’ll proactively engage with credit assessors, escalate where necessary, and manage any information requests to avoid delays.
Outcome: Application lodged and professionally managed through to decision.
6. Pre-Approval or Formal Approval
At this stage, your application is assessed and conditionally or formally approved. If you’re still property hunting, a pre-approval provides a 90-day conditional lending limit, allowing you to negotiate confidently and act quickly when the right opportunity arises. If you’ve already secured a property, formal approval will be issued once all conditions—including a satisfactory valuation and compliance checks—are met. This approval unlocks the final steps toward property ownership.
Outcome: You’re formally equipped to secure your property or finalise your purchase with full lender support.
7. Settlement & Ongoing Support
We work closely with your solicitor or conveyancer and your lender to ensure settlement proceeds smoothly. This includes coordinating document signing, verifying disbursement instructions, and managing final loan conditions. Post-settlement, we assist you in setting up access to your loan account, offset arrangements, and repayment schedules to ensure everything is in order.
Outcome: Settlement complete—your new property or structure is now funded and fully operational.
8. Post-Settlement Check-In & Loan Strategy Review
Our commitment doesn’t end at settlement. Luxe Finance provides ongoing guidance, with check-ins at 6 and 12 months to review your loan’s performance and ensure it remains competitive. We offer annual repricing services, refinancing alerts when suitable, and structured discussions for future borrowing strategies. Whether you're planning renovations, expanding your portfolio, or simply monitoring market trends, we remain your trusted lending partner.
Outcome: You stay ahead of market movements with a strategy that evolves alongside your financial goals.
Luxe Finance Group is a Finance & Mortgage Broker based in Western Australia. Catering for property investors, high net worth individuals, expats investing in or moving back to Australia, sophisticated family trust structures, and the intricate landscape of commercial lending.
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William Bracewell
We recently worked with Luxe Finance, and I cannot recommend them highly enough. A special thank you to Linh, who went absolutely above and beyond for us. Their professionalism, clear communication, and persistence made a real difference—especially when last-minute changes came up. They handled everything seamlessly and helped us get the loan across the line without a hitch. If you’re looking for a property broker who genuinely cares and will work tirelessly to get the best result, Luxe Finance is the one.
km
kree maclennan
Working with Jay and his team was an absolute pleasure. It was a seamless process and we were really happy with the outcome.
SK
Sam Khankhalili
Jay was absolutely phenomenal in assisting me with my bank loan. His knowledge and experience about the market made the process straightforward, and the systems he had in place kept everything running smoothly. If you’re looking for financial guidance and support in securing a bank loan, Jay is the person to go to.
Yes, self-employed borrowers can obtain a home loans, though the application process requires additional documentation and careful preparation. Traditional lenders typically require two years of tax returns, financial statements, and accountant-prepared documentation to assess your income stability. Some lenders offer low-doc or alt-doc products that require less documentation but usually come with higher interest rates and lower loan-to-value ratios. At Luxe Finance Group, we work with numerous lenders who have varying appetites for self-employed borrowers, including specialist non-bank lenders who may consider your application based on bank statements or business activity statements. We help structure your application to present your income in the most favourable light and identify lenders most likely to approve your circumstances, potentially saving you time and multiple credit enquiries.
Beyond your deposit, several additional costs apply when purchasing property in Western Australia. Stamp duty is calculated on a sliding scale based on property value - for a $500,000 property, expect approximately $17,765 (though first-home buyers may receive concessions). Legal or conveyancing fees typically range from $1,200-$2,500 depending on complexity. Building and pest inspections cost around $400-$800 combined. Loan application fees vary by lender from $0-$600. If paying less than 20% deposit, lenders mortgage insurance can range from $2,000-$20,000 depending on loan amount and deposit size. Other costs include mortgage registration fees ($185), title search fees ($40), and moving expenses. You should budget approximately 3-5% of the purchase price for these additional costs. Luxe Finance Group provides detailed cost estimates during the pre-approval process to help you budget accurately.
At Luxe Finance Group, our mortgage broking services are typically provided at no direct cost to you as the borrower. We receive our remuneration through commissions paid by the lenders when your loan settles successfully. This upfront commission is usually between 0.55% and 0.70% of your loan amount, followed by a smaller ongoing commission throughout the life of your loan. This payment structure means we can provide our expertise and guidance without you paying broker fees upfront. However, there may be instances where we offer fee-for-service arrangements for complex scenarios or when working with certain lender types. We'll always discuss our fee structure transparently before commencing work on your application.
The mortgage approval timeframe can vary significantly depending on several factors including lender choice, loan complexity, and documentation completeness. Generally, pre-approval can be obtained within 3-7 business days for straightforward applications with major lenders. Full approval and settlement typically takes 4-6 weeks from application submission, though this can extend to 8-10 weeks during busy periods or for more complex scenarios. Self-employed borrowers, investment loans, or construction loans may require additional time for assessment. At Luxe Finance Group, we work to expedite this process by ensuring all documentation is complete and accurate before submission, maintaining regular contact with lenders, and providing updates throughout the process. We also help manage settlement timelines to align with your property purchase contracts.
Luxe Finance Group provides comprehensive mortgage broking and finance services throughout Perth and Western Australia. Our services include home loan assistance for first-time buyers, investment property financing, commercial lending solutions, and refinancing options for existing mortgages. We work with over 30 lenders across Australia to source suitable loan products tailored to your specific circumstances. Our team also assists with pre-approvals, construction loans, self-managed super fund lending, and asset finance for vehicles and equipment. We pride ourselves on delivering personalised service and maintaining ongoing relationships with our clients throughout their property and investment journey.
Documentation requirements vary based on your employment type and loan complexity. PAYG employees typically need recent payslips (usually last 4), tax returns or notice of assessments for 1-2 years, bank statements for 3-6 months, and employment confirmation. Self-employed applicants require tax returns for 2 years, profit and loss statements, balance sheets, and business bank statements. All applicants need identification (driver's licence and passport/birth certificate), proof of deposit savings, details of existing debts and assets, and council rates notices for any properties owned. If receiving rental income, provide lease agreements and rental statements. For purchases, you'll need the contract of sale and any building reports. Luxe Finance Group provides a comprehensive checklist tailored to your specific situation and lender requirements. We review all documentation before submission to ensure accuracy and completeness, reducing the likelihood of delays or additional requests from lenders.
Refinancing involves replacing your existing home loan with a new loan, either with your current lender or a different institution. This process can help you secure lower interest rates, access additional features, consolidate debts, or release equity for other purposes. You should consider refinancing when interest rates drop significantly below your current rate, when your circumstances change, or when your current loan lacks features you now require. The refinancing process involves application, valuation, approval, and settlement, typically taking 4-6 weeks. Consider the costs involved, including discharge fees from your current lender (usually $150-$400), application fees for the new loan, and potential valuation costs. At Luxe Finance Group, we regularly review our clients' loans and market conditions to identify refinancing opportunities. We calculate whether the potential savings justify the switching costs and handle the entire refinancing process on your behalf.
The deposit requirement varies depending on your circumstances and the loan product you choose. Traditional lending requires a 20% deposit to avoid lenders mortgage insurance (LMI), so for a $500,000 property, you'd need $100,000 plus additional costs for stamp duty, legal fees, and inspections. However, many lenders accept lower deposits of 5-10% with LMI, which is an insurance premium protecting the lender. First-time buyers may access the First Home Guarantee Scheme, allowing purchases with just 5% deposit without LMI for eligible properties. Some lenders offer family guarantee products where relatives use their property equity to reduce or eliminate deposit requirements. At Luxe Finance Group, we assess your situation to identify the most suitable deposit strategy and explore all available options to help you enter the property market sooner.
The decision between fixed and variable interest rates depends on your personal circumstances, risk tolerance, and market outlook. Variable rates offer flexibility to make extra repayments and access features like offset accounts, and they may decrease if the Reserve Bank of Australia cuts the cash rate. However, they can also increase, affecting your repayment amounts. Fixed rates provide certainty and budget stability for the fixed period, typically 1-5 years, protecting you from rate rises during that time. Some borrowers choose a split loan, fixing a portion while keeping some variable. Given the current economic environment and recent interest rate movements, it's important to consider your financial buffer and long-term plans. Luxe Finance Group can analyse your situation and discuss the pros and cons of each option based on your specific circumstances and goals.
Perth's property market has shown strong growth over recent years, with median house prices experiencing significant increases across most suburbs. For first-time buyers, this presents both challenges and opportunities. While prices have risen, Perth remains more affordable compared to Sydney and Melbourne markets, with many suburbs still offering entry-level properties under $500,000. The Western Australian government's First Home Owner Grant provides $10,000 for eligible new builds, and the federal government's First Home Guarantee Scheme allows eligible buyers to purchase with as little as 5% deposit without paying lenders mortgage insurance. At Luxe Finance Group, we help first-time buyers understand these schemes and identify suitable loan products that align with their budget and circumstances.
Luxe Finance Group Pty Ltd ABN: 52660091690. Credit Representative #541795 is authorised under Australian Credit License #389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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