An update to our customers - How we're dealing with COVID 19


First Home Buyer Government Scheme: What First Home Buyers Should Consider

It was announced this week that both Liberal and Labor Parties will underwrite First Home Buyers to obtain finance, with a minimum deposit of 5% and no Lenders Mortgage Insurance.

The average first-home buyer couple could buy a house approx. four years quickier (and around nine years sooner for singles) under the proposed plan to offer loan guarantees to new buyers in Sydney.

Whilst this is big news for first time homeowners who are wanting to enter into the property market, there are certain factors to consider. Unlike past schemes, under this new First Home Buyer policy, there are quite a few criteria’s such as; income thresholds and regional availability that apply which can be a limitation for many Sydney First timers.

Here is what we know:

1. First Home Buyer policy is currently capped at 10,000 per year, only a small portion of the actual market. According to the Sydney Morning Herald, more than 100,000 first time buyers have taken out mortgages over the past 12 months.

2. This policy does not guarantee finance. Normal checks are still applicable.

3. There is a Salary cap. Under this program, first Home Buyers with an income of up to $125,000 or couples with a joint income of up to $200,000 are eligible.

4. The homes that can be purchased under this scheme will be determined on a regional basis and could potentially change.

5. It could be a while until the policy passes, in a market that is forever changing.

Why wait when Hoot Homes has the solution NOW!
Hoot Homes has partnered with Axis Lending and Mortgage Link to bring this exclusive offer to the market. Saving thousands on selected Hoot Homes home and land packages throughout Sydney with the ‘Jump Start Home Loan’. First Home Buyers can enjoy:
– 5% deposit
– No mortgage insurance
– No more to pay until completion
– Fantastic home & land packages in
– Sydneys most sought after estates.

Jump Start Home Loan for first-home buyer couple

Unlike the government scheme, our Jump Start Home Loan does not include a salary cap!

Click on the finance tab and complete our form to see if you apply.

Contact us today to find out more!

Talk to us

Similar News

Building a new home can be a daunting idea for some, with homeowners posing a lot of questions about the process and the unknowns. Yet, building a home is advantageous when compared to buying an established home in the long run. Hoot

Trends in residential interior design can change as often as the season. In fact, this is one of the reasons why homeowners prefer not to follow the trend and choose classic designs for their homes instead. However, if you are browsing

While it may seem like a modern idea, landscaping has been used for centuries as a means of cultivating more beautiful, functional areas in nature. These days, the phrase is mostly used to describe the laying out and development of

You’ve been to property inspections every weekend since before you can remember, and you’ve finally hit that magic number that secures your home deposit. When your hands close around those keys, the magnitude of your investment

The time has come, and wasn’t it a journey? When you gear up to buying your first home, timing is critical to the price you can expect to pay, and the process that follows after you make an offer.

Here’s why now is the time

When you tell your friends and family that you’re buying your first home, the questions are always about the ‘where’. Location is one of the main considerations on where to buy or build your new home.  How do you decide where

Entering the home buyers market with an investment property may be the road less travelled, but it may be an option for you. Before you commit to this decision, learn the ins and outs so that you are best equipped for this investment

Whether you’re buying an existing property, or building new, finances are going to be a huge factor. Property is a sizeable investment, so it’s important to have all of the information when making spending decisions.

So, let’s

When it comes to purchasing your first property, the amount of government fees and extra add-ons can be a little overwhelming. After all, you likely haven’t had to deal with any of this before, and it’s natural to be anxious about

Having our own space to come back to after a long, hard day is an incredible feeling. Although as human being’s, it’s only natural that we sometimes create mess and clutter in our lives. But what we don’t realise is that clutter

Have you always wanted to start your own fruit and veggie garden? If you are moving into a more permanent place or your forever home – now is the perfect time to start with the arrival of spring. Let’s take a look at some tips and

That first mortgage is always the not-so-fun part of the homebuilding journey. No matter how much you have saved, buying a property is always a large investment. That’s why it’s important to understand every option available to

Are you looking to buy or build your first home?

Here is where House and Land comes in.

The hassle has been taken out of finding a home design that will suit the block you’re after. Receive a home that has been chosen to maximise

Happy Checklist Day!
That’s right, October 30th is Checklist Day! At Hoot Homes, we know how stressful moving out for the first time can be. To take the hard work out – we have put together a full-proof checklist for first-time

For anyone that has been paying attention to trends in interior decor, the explosion in popularity that indoor plant styling has seen is practically impossible to ignore. From simple little potted succulents to veritable forests, greenery

For anyone that has ever wandered around a display home in complete awe, you  may not be aware that a few of the beautiful features and fittings may be additional upgrades!

This means additional costs to the base price advertised.


Are you a first home buyer or first time builder? Thinking that building new or buying in the Sydney market is just too darn expensive? Think again!

With new government initiatives and assistance helping newbies into the property

Join our

fab newsletter!

Filtering homes