Which best describes you?
Your First Home, Step by Step
Low Deposit Options for First Home Buyers
There are ways to buy sooner without waiting years to save 20%.
We Look Beyond Just Base Pay
Many first home buyers qualify using overtime, allowances, or multiple incomes — when assessed properly.
Understand What You Can Afford
We help first home buyers work out realistic price ranges before they start inspecting.
Still Renting Because You’re Unsure If You’re Ready?
A Simpler Way to Buy Your First Home
Mortgage Matrix manages the process end-to-end, so you can focus on moving in.
Repayments that Fit Real Life
Set weekly, fortnightly, or monthly repayments that suit your lifestyle and income.
Choosing the Right Loan Structure
Fixed, variable, or split loans — we help you choose what works best for your situation.
Deposit Strategies & Family Assistance
Find out if low deposit or guarantor options suit you.
Help Finding the Right Property
We help you understand price ranges, suburb suitability, and what lenders will accept.
Check First Home Buyer Grants & Schemes
We check what government grants and support you may be eligible for before you buy.
FAQ's
How much deposit do I need as a first home buyer?
Traditionally, lenders require a 20% deposit to avoid paying Lenders Mortgage Insurance (LMI). However, many lenders accept as little as 5–10% with LMI. With the new 5% Deposit Scheme starting October 2025, eligible first home buyers can purchase with just a 5% deposit without paying LMI, as the government acts as guarantor.
What is the new 5% Deposit Scheme and how does it work?
Do I need pre-approval before I start looking for a home?
What additional costs should I budget for as a first home buyer?
Why should I use a mortgage broker as a first home buyer?
