First Home Buyers Guide

Navigating Your First Property Purchase

Purchasing your first home is a significant milestone, filled with excitement, anticipation, and a myriad of questions. In the bustling property market, it’s essential to be well-informed and prepared. At GW Finance, we’re here to guide you through this journey, ensuring you make confident and informed decisions.

What Is A First Home Buyer?

Being a first-time homebuyer means you’re about to embark on one of the most substantial financial commitments of your life. It’s a process of securing a property that you can call your own, often with the assistance of a home loan.

Application

Before diving into property listings, it's crucial to understand your financial standing. Calculate your monthly income, expenses, and any existing debts to determine how much you can afford.

Get Pre-Approved for a Loan

Engage with our team of experienced Mortgage Brokers to assess your borrowing capacity. This pre-approval gives you a clear picture of what properties are within your reach and strengthens your position when negotiating.

Find a Reliable Real Estate Agent

A good agent understands the local area you are looking to buy in, communicates effectively, and aligns with your property goals.

Property Search

When you are ready to take the leap, touch base with us to order a property report for the property you are interested in and to ensure the purchase price aligns to your pre-approval.

Understand the Buying Process

Property Found

Before making an offer, engage with a conveyancer or solicitor to read over the purchase contract. Check for structural integrity, potential hazards, and signs of pest infestations.

Making an Offer

Once you are happy with the inspections, contract and have confirmed proposed purchase price with us, it's time to negotiate!

Finalise the Purchase

This involves exchanging contracts, paying a deposit (typically 10% of the purchase price), and completing the settlement process

"Greater West Finance values building trusting relationships with clients. We understand that “finance” does not come easy to many people and believe that education is the key to assisting clients in making the right decision."

Lee-Anne, Owner.

First Home Owner Grant

A grant of $10,000 is available for newly built homes when you buy or build your first home (restrictions apply to purchase price).

The Home Guarantee Scheme

Eligible buyers can purchase or build a new home with as little as 5% deposit or 2% for eligible single parents. This can save you $$$ in Lenders Mortgage Insurance.

First Home Buyer Assistance Scheme

First Home Buyers in NSW may be eligible for Stamp Duty exemptions reducing the overall cost of the property purchase.

Challenges and Considerations

Beyond the property price, our team will prepare you for the additional costs of home ownership like stamp duty, land tax, legal fees, building, pest inspections, and more.

Don't Just Take Our Word For It!

      EXCELLENT  
   Based on 49 reviews 
    
 
 
 
   
 
 
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   Laura Walton 
 19 July 2025
 
 
  So thankful to Greater West Finance for helping put me at ease and supporting me through my purchase. It made a huge difference knowing they had my back and their service is exceptional. Thank you so much to Lee-Anne and the team! Highly recommend and will be a customer for life.
  
 
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   Tim Fox 
 22 May 2025
 
 
  Fantastic, Friendly and Knowledgable service. Great staff that helped make our dreams come true.
  
 
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   Stephen Cooney 
 22 May 2025
 
 
  Had a great experience with Lee-Anne & the whole team at Greater West Finance, A big thank you to the team for my experience, I'd definitely encourage others to contact them when looking at mortgage options like I was.
  
 
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   Felicitas Ravenzka 
 21 May 2025
 
 
  Thank you Lee-Anne, Tammy & the whole team for guiding me step by step in buying my 1st home! They're all so reliable, easy to reach & comprehensive. I'd definitely recommend GW Finance if you're looking for a mortage broker. They won't disappoint you!
  
 
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   Joel Granger 
 10 May 2025
 
 
  Leanne and the GW finance team made buying a house a breeze. From the initial conversation to settlement they made the whole process stress free. Questions and concerns I had were actioned and answered swiftly, I never had to chase them for anything they were on the ball throughout. I will most definitely recommend GW Finance to anyone looking for a mortgage broker.
  
 
      Posted on Google  
   
   Wes & Mia Inglis 
 5 May 2025
 
 
  I am deeply grateful to Lee-Anne, Tammy and the entire team at GW Finance. Buying a property for the first time is extremely intimidating for anyone, no matter how financially literate you may be. Lee-Anne and Tammy really came alongside us to understand our goals and objectives and provided suggestions to help us best meet our goals. I appreciate working with a Mortgage Broker so much as they end up feeling like your parents, who guide, support and encourage you! I was so grateful that we could outsource the stress and pressure of keeping up with deadlines and key dates to someone else. It was a real pleasure working with GW and would highly recommend them to anyone. Wonderful service from a beautiful family business who truly care so deeply about their clients. Thank you so much!
  
 
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   Matt Preece 
 5 May 2025
 
 
  Thank you for your step by step support throughout the home buying process. You were very professional, kind and caring. We would highly recommend you to others!
  
 
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   Andrew Darnell 
 2 May 2025
 
 
  Greater West Finance were awesome. The staff were really helpful, friendly and knew exactly what they were talking about. They were very generous with their time, and I am really grateful that they were the ones that I went to for help with getting a mortgage. I give the whole team the highest recommendation.
  
 
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   Hayley Travers 
 29 November 2024
 
 
  Lee-Anne and the team helped us so much buying our property. They were always helpful and happy to assist us every step of the way. Incredible service whenever we need it and  took a genuine interest in our purchase. Thank you GWF!