Werribee, VIC first home buyer lifestyle

First Home Buyer Support

Buying your first home in Werribee?

Werribee, VIC is attracting first home buyers looking for quality and value in Melbourne. The area offers a mix of established homes and new developments, with good access to local amenities.

Ding Financial is a mortgage broking business. We compare home loans from a wide panel of lenders so you can see multiple options in one place. As a first home buyer in Werribee, you may be eligible for grants and concessions — we can help you understand what's available and find a loan that fits your situation.

Potential grants & concessions in VIC

$35,000

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First Home Buyer Grants in VIC

As a first home buyer, you may be eligible for government grants and stamp duty concessions. Here’s what’s potentially available in VIC.

First Home Owner Grant

$10,000

Available for eligible new home purchases or construction in VIC. Terms and conditions apply.

Stamp Duty Concession

$25,000

Potential savings on stamp duty for eligible first home buyers in VIC.

Total Potential Support

$35,000

Combined potential benefit from grants and concessions. Eligibility criteria apply.

Grant amounts and eligibility criteria vary by state and are subject to change. We’ll help you understand what you qualify for based on your situation.

How much deposit do you need?

Most first home buyers aim for 5-20% deposit, but your exact needs depend on your situation and loan structure.

5% Deposit Option

✓Get into the market sooner with a smaller deposit

✓May require Lenders Mortgage Insurance (LMI)

✓Some lenders offer LMI waivers or discounts for FHB

20% Deposit Option

✓Avoid Lenders Mortgage Insurance completely

✓Access to better interest rates and loan features

✓Lower monthly repayments and interest costs

We’ll help you understand your options and find a loan structure that works for your deposit amount.

Calculate your borrowing power

Your first home buying journey

We guide you through each step, from understanding your budget to settlement day.

Free Consultation

Meet your broker and discuss your goals, budget, and timeline.

Pre-Approval

Get pre-approved so you know your budget and can shop with confidence.

Find Your Home

Search for properties within your budget in Werribee or nearby areas.

Settlement

We handle the loan paperwork and guide you through to keys in hand.

Why first home buyers choose Ding Financial

First home buyer specialists

We understand the FHB journey and help you navigate grants, deposits, and loan options with confidence.

Wide lender panel

Access to 30+ lenders means we can find competitive rates and features tailored to first home buyers.

Not owned by a bank

We’re privately owned and work for you, not a banking group.

First home buyer FAQs

What grants am I eligible for in VIC?

In VIC, first home buyers may be eligible for the First Home Owner Grant ($10,000) and stamp duty concessions (potential savings of $25,000). Eligibility depends on factors like property price, whether it’s new or established, and your personal circumstances. We’ll help you understand what you qualify for.

How much deposit do I need as a first home buyer?

Most first home buyers aim for 5-20% deposit. With 5%, you may need Lenders Mortgage Insurance (LMI), but some lenders offer LMI waivers or discounts for first home buyers. With 20% or more, you can avoid LMI entirely. We’ll help you explore your options based on your savings.

Can I buy in Werribee with a 5% deposit?

Yes, it’s possible to buy in Werribee with a 5% deposit. You’ll typically need Lenders Mortgage Insurance (LMI), but we have access to lenders who offer competitive LMI rates or waivers for first home buyers. We’ll compare your options and find the best fit for your situation.

How long does the first home buyer process take?

From first consultation to settlement typically takes 8-12 weeks, depending on pre-approval speed, property search time, and settlement terms. We’ll keep your application moving efficiently and keep you informed every step of the way.

Do I need a guarantor to buy my first home?

Not always. Many first home buyers purchase without a guarantor using a 5-20% deposit. However, a family guarantee can help you avoid LMI or buy sooner with a smaller deposit. We’ll discuss whether a guarantor makes sense for your situation.

What are the ongoing costs of homeownership?

Beyond your mortgage repayments, budget for council rates, water rates, home and contents insurance, maintenance and repairs, and strata fees if applicable. We can help you factor these into your budget planning so there are no surprises after settlement.