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  Planning to buy a home

Buying your first home

When you’re new to home buying, there’s a lot to learn and big decisions to make. We’re here to help every step of the way.

How can you get started?

Becoming a home owner is a lot easier when you understand your options. We’ve broken down the process into some practical steps.

As a first home buyer, there are tools and support available to make things easier for you. You can also book an appointment with a Suncorp home loan specialist who can answer questions and help you get started with confidence.

checklist

Guidance every step of the way

Your Home Buying Checklist
An interactive tool that supports you through each stage of buying a home.

Understanding the First Home Super Savers Scheme

If you’re saving for a first home loan deposit, saving inside your super fund can help to reduce the amount of tax you pay so you reach your savings goal sooner.

To benefit from the scheme, you’ll need to make voluntary contributions to your super account. Before you do, it’s important to understand if you’re eligible to benefit from the scheme, the limits that apply and the rules around making contributions and withdrawals.

To learn more, visit the ATO website or contact your super fund.

Find out if you’re eligible for a first home owner grant

The First Home Owners Grant is designed to encourage home ownership across Australia. It's a national scheme funded and administered by each state or territory.

If you meet local eligibility criteria, you can receive a one-off government grant when you buy or build your first home.

How the grant works for first home buyers

Eligibility criteria vary depending on where you intend to buy your first home. Here's what you could be eligible for in your state or territory*:

If you’re planning on building a new home, you may also be eligible for the HomeBuilder Grant program. HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home.

*State-based information current as of August 21, 2020. Additional eligibility terms and conditions may apply. Please make your own enquiries to confirm benefits and eligibility requirements.

Home loan lingo explained

If you’re new to the home loan market, you may be hearing a lot of different abbreviations and technical language. We’ve explained some common terms below and in our complete home loan glossary.

Limited Time Offer for First Home Buyers

  • No annual fee for the life of the loan

We’ll refund the annual $375 Home Package Plus fee for the life of the loan saving you up to $11,250 over a 30 year loan.*

* Applicable for Owner Occupier First Home Buyers who have never previously purchased a property. An eligible home loan is a new home lending in the Home Package Plus of $150,000+^.

Loans for first home buyers

Your own home loan specialist

  • One point of contact for information and guidance throughout your home loan journey.
  • Available seven days a week, our mobile lenders can meet at a time and place that suits you.

" My husband and I were looking to buy an investment property and we were so fortunate to have Nelvin help us every step of the way. He went above and beyond and was always there, willing to answer my endless list of questions and concerns. "

- Chris & Jess Falla

We’re ready to help you

Apply for Home Loan pre-approval

Book a visit with one of our friendly lenders

Insure your new home

^ Applicable for Owner Occupier First Home Buyers who have never previously purchased a property. All applicants for the loan must be first home buyers and take out an Eligible Home Loan with Suncorp Bank. An eligible home loan is a new home lending in the Home Package Plus of $150,000+. The annual package fee of $375 will be charged and refunded for the life of the loan, expiring only if the loan is closed or varied out of the product or package. Offer valid from 12/09/2017 and is subject to change without notice and may be withdrawn at any time before a credit contract is entered into.

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Banking Products and Home Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document and the Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page.

Products and services including banking, superannuation and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Each entity is not responsible for, or liable in respect of, products and services provided by other entities of the Suncorp Group. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of other companies in the Suncorp Group.

The information is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.

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