Reviewing your home loan every couple of years can help ensure you're always getting the best possible deal. New products and opportunities hit the market regularly and every QInvest LoanFinder mortgage broker is an expert in what features and benefits are available and suit you.

Buying your first home Show all Hide all

Like most government initiatives, there are specific criteria you need to meet for eligibility for the First Home Owners' Grant (FHOG) . These criteria vary from state to state but typically include: 
  • occupying the home within 12 months of settlement, or within 12 months of completion if it's a newly built home 
  • buying or building a house, home unit or flat 
  • not having purchased a house, home unit or flat in Australia before 
  • applying for the grant within 12 months of settlement or building completion 
  • being an Australian citizen or permanent resident buying or building your first home in Australia. 
In Queensland, the First Home Owners' Grant applies to contracts signed after 11 October 2012 and is for the amount of $15,000. Eligibility is limited to construction or purchase of a home that has not been previously occupied. This means that the purchase of a previously occupied home does not attract a grant. 

For further information on grants in your state visit firsthome.gov.au and select the state that applies to you.

Only one grant applies to each purchase. If you're buying the property in conjunction with others, you must all meet the eligibility criteria to receive the First Home Owners' Grant.
The grant is not means tested and is not subject to tax.
Your QInvest LoanFinder mortgage broker can help you complete the relevant forms as part of the home loan application.
The First Home Owner Grant is a state initiatives aimed at making your first home more affordable. To find out what concessions are available in your state or territory, contact your QInvest LoanFinder mortgage broker.
We recommend allowing up to 5% of the purchase price to cover possible charges such as bank fees, stamp duty, conveyancing costs and property inspections.

Purchasing your next property Show all Hide all

Yes, many lenders offer what is called bridging finance if your current property has not been sold prior to your purchase. However, this type of finance should be negotiated with a lender before signing a purchase agreement.
Bridging loans are based on short term interest rates and can be higher than expected. Keep in mind, you'll be servicing two loans while the bridging loan remains open.
It depends on the position of your available funds. Our QInvest LoanFinder mortgage brokers can help talk you through these options.
Minimum payments are calculated on an interest-only basis. Some lenders allow capitalisation of interest-only payments; however, use of this option will lead to an increase in what you owe and overall interest costs.
Bridging finance terms are normally for a six-month period for new or existing home purchases, and up to 12 months for construction of homes. New arrangements will need to be negotiated if the property is not sold during this time.
Deciding to sell and move right into your new home or rent between sale and purchase is usually a personal choice. Our QInvest LoanFinder mortgage brokers can discuss the implications and help you make the best decision.
A construction loan is any loan that is used to finance some kind of construction. This includes building additional rooms, making structural renovations or undertaking repairs to your home. 


If you plan to borrow money to build or renovate, the funds from a construction loan are drawn down through various stages of the build, which reduces the initial cost of the loan repayments.