Your first home.
A more confident start.

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Most lenders look for around 20% to avoid Lenders Mortgage Insurance, but you can buy with as little as 5% deposit. Government schemes like the First Home Guarantee can let eligible first home buyers purchase with a 5% deposit without paying LMI. The course walks through deposit, LMI thresholds and the schemes in detail.

It depends on the market and the property. Auctions are unconditional with no cooling-off period, so finance and building and pest checks must be done beforehand. Private treaty usually allows conditions and a cooling-off period. The course includes an auction bidding simulator so you can practise the decisions.

Suburb data (median trends, days on market, owner-occupier ratio, flood and bushfire overlays), the contract of sale or Section 32, a building and pest report, and for units the strata report including levies and the sinking fund. The course gives you a complete inspection checklist.

Lenders Mortgage Insurance protects the lender, not you, if you borrow more than about 80% of the property value. The borrower pays the premium. It can let you buy sooner with a smaller deposit, and the course shows when it is worth paying.