Borrowing Capacity
Understand how your income, living expenses, debts, dependants and credit limits may affect the amount a lender could consider.
Nepali Home Loan Expert in - Melbourne, Sydney, Adelaide, Brisbane, Perth & Canberra
First Home Buyer Support in Melbourne
Take Your First Step Towards Owning a Home
Buying your first home is exciting, but understanding deposits, borrowing capacity, government assistance, lender requirements and loan repayments can feel overwhelming. SKR Global Finance makes the process clearer with personalised guidance in Nepali or English.
Deposit and savings guidance
Grants and concession information
Support through to settlement
Your First Home Journey Made Clearer
We help you prepare financially and understand the home loan process before you begin making offers.
- Estimate your potential borrowing capacity
- Understand your deposit and buying costs
- Explore eligible first-home-buyer assistance
- Compare suitable home loan options
- Prepare your application and documents
Free Assessment
Understand your possible next steps
Lender Comparison
Explore options from a lending panel
End-to-End Support
Guidance from planning to settlement
Nepali Speaking
Support available in Nepali or English
Plan Before You Purchase
Start Your First Home Journey with a Clear Financial Plan
Before searching for a property, it is important to understand how much you may be able to borrow, how much deposit you need and what additional buying costs should be included in your budget.
SKR Global Finance reviews your income, expenses, savings, liabilities and property goals to help you understand your possible purchasing position. We then explain potentially suitable loan options and the steps involved in preparing an application.
Pre-approval can provide an indication of your potential borrowing
position, but it is not unconditional approval. Final approval may
remain subject to property valuation, updated documents and lender
assessment.
How We Support First Home Buyers
Professional Guidance at Every Stage of Your Purchase
From preparing your finances to completing settlement, we help make each stage of buying your first home easier to understand.
Deposit Planning
Review your current savings, deposit target, genuine savings requirements and potential pathways for purchasing with a smaller deposit.
Government Assistance
Receive general guidance about first-home-buyer grants, concessions and deposit schemes that may be relevant to your circumstances.
Loan Comparison
Compare potentially suitable interest rates, fees, lender policies and loan features based on your financial position.
Application Preparation
Get support organising identification, income evidence, savings records, liabilities and relevant property documents.
Settlement Support
We help track your application and communicate with relevant parties as the loan progresses towards approval and settlement.
First Home Buyer Assistance
Government Support That May Help Eligible Buyers
Available assistance depends on your eligibility, property type, purchase price, residency status and other applicable requirements.
Australian Government
Australian Government 5% Deposit Scheme
Eligible first-home buyers may be able to purchase an eligible home with a deposit from 5% without paying lenders mortgage insurance.
- Minimum deposit and eligibility requirements apply
- Property price caps and property rules apply
- Applications must be made through participating lenders
- Lender credit assessment still applies
Victorian Government
Victorian First Home Owner Grant
Eligible first-home buyers may receive a $10,000 grant when buying or building a qualifying new home in Victoria valued up to $750,000.
- Applies to qualifying new homes
- Property value and occupancy requirements apply
- Applicant and spouse history may be assessed
- Other stamp duty concessions may also be available
Government programs, eligibility rules, property thresholds and
availability can change. Always confirm current requirements with the
relevant government authority before relying on a grant, concession or
guarantee as part of your purchase.
Plan for More Than the Property Deposit
Your purchase budget should account for upfront buying costs, ongoing homeownership expenses and a reasonable financial buffer.
Buying Costs
Expenses First Home Buyers Should Consider
Some costs may be reduced through available concessions, but it is important to include them in your initial budget.
Property Deposit
The amount contributed towards the purchase price from your own funds.
Stamp Duty
Land transfer duty may apply, although eligible first-home buyers may qualify for an exemption or concession.
Conveyancing
Legal support for reviewing contracts and completing the property transfer.
Property Inspections
Building, pest or strata inspections may help identify property issues.
Loan and Government Fees
Application, valuation, settlement and registration costs may apply.
Insurance and Moving
Consider building insurance, contents insurance and relocation expenses.
Your First Home Roadmap
A Clear Process from Planning to Getting the Keys
We guide you through the home loan process and explain what is required at each stage.
01
Initial Consultation
We discuss your goals, income, savings, debts and preferred timeframe.
02
Financial Assessment
Your deposit, expenses and potential borrowing position are reviewed.
03
Pre-Approval
Where appropriate, we prepare and lodge an application for conditional approval.
04
Property Purchase
You search within your budget and obtain professional advice before committing.
05
Approval & Settlement
We support the loan through valuation, final approval and settlement.
Application Preparation
Documents Commonly Required from First Home Buyers
Exact requirements vary between lenders, employment types and individual applications.
Identification
- Australian driver licence or passport
- Visa or residency information where relevant
- Current residential address details
Income Evidence
- Recent payslips
- Employment details or employment contract
- Tax returns for self-employed applicants
- Evidence of additional income where relevant
Financial Information
- Bank statements and savings history
- Credit card and loan statements
- Details of regular living expenses
- Evidence of gifted funds where applicable
Nepali Speaking Mortgage Broker
First Home Buyer Guidance in Nepali or English
Buying a home in Australia involves unfamiliar financial and legal terminology. We explain deposits, repayments, loan features, grants and lender requirements clearly so you can make informed decisions.
पहिलो घर किन्नेहरूका लागि नेपाली भाषामा सहयोग
अष्ट्रेलियामा पहिलो घर किन्दा deposit, borrowing capacity, First Home Owner Grant, stamp duty concession, repayment र lender requirement बुझ्न हामी तपाईंलाई नेपाली वा अंग्रेजी भाषामा स्पष्ट जानकारी र व्यक्तिगत सहयोग प्रदान गर्छौं।
First Home Buyer FAQs
Frequently Asked Questions from First Home Buyers
General guidance about deposits, pre-approval, government support and obtaining a first home loan.
How much deposit do I need to buy my first home?
Deposit requirements depend on the lender, property, loan amount and
your financial position. A larger deposit may reduce borrowing costs,
while some eligible buyers may qualify for low-deposit pathways or
government-supported schemes.
Can I buy a home with a 5% deposit?
Some buyers may qualify for a lender product requiring a smaller deposit.
Eligible buyers may also access the Australian Government 5% Deposit
Scheme. Income limits, property caps, eligibility rules and lender
credit criteria apply.
What is lenders mortgage insurance?
Lenders mortgage insurance generally protects the lender when a borrower
has a higher loan-to-value ratio. It does not protect the borrower.
Whether it applies and how much it costs depends on the loan and lender.
What is first home buyer pre-approval?
Pre-approval is a conditional assessment based on the information
available at the time. It may help you understand a potential purchasing
range, but it is not a guarantee of final loan approval.
Am I eligible for the Victorian First Home Owner Grant?
Eligibility depends on factors including the property type and value,
applicant history, residency status and occupancy requirements. The
grant generally relates to qualifying new homes rather than established homes.
Do first home buyers pay stamp duty in Victoria?
Eligible first-home buyers may qualify for a land transfer duty exemption
or concession depending on the property value and eligibility conditions.
Current thresholds should be confirmed with the State Revenue Office Victoria.
Can my family help with my deposit?
Some lenders may accept gifted funds or consider a family guarantee
structure. The requirements, risks and documentation differ between
lenders, and family members should consider obtaining independent advice.
How is my borrowing capacity calculated?
Lenders generally consider your income, expenses, debts, dependants,
credit limits, loan term and assessment interest rate. Different lenders
may calculate borrowing capacity differently.
Should I get pre-approval before looking for a property?
Pre-approval may help you understand a possible budget before making
offers. However, you should continue to consider your personal comfort
level, purchase costs and ongoing repayment capacity.
Can temporary visa holders buy their first home?
Some lenders may consider eligible temporary visa holders, subject to
visa type, income, deposit, property and lender policy. Foreign investment
approval, additional duty or other requirements may also apply.
Ready to Start Your First Home Journey?
Get a free, no-obligation first home buyer assessment. We will review your goals, deposit and financial position and help you understand the practical steps towards purchasing your first home.
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Government grants, guarantees, concessions and eligibility requirements may change and are subject to applicable rules. Lending criteria, terms, conditions, fees and charges apply. Approval is subject to lender assessment. Sandeep Sigdel is a Credit Representative (CRN 576436) of Finsure Finance & Insurance Pty Ltd, Australian Credit Licence 384704.
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Personalised mortgage and finance support for clients across Australia.
SKR Global Finance
Personalised mortgage and finance guidance for home buyers, property investors and business owners, with support available in Nepali or English.
Nepali and English support
Follow our journey
- +61 451 571 184
- sandeep@skrglobal.com.au
- 12 Apsley Court, Mill Park, VIC 3082, Australia
- Monday–Friday: 9:00 AM–5:00 PM
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Discuss your home loan, refinance, property investment or business finance goals with Sandeep Sigdel.
Book ConsultationThe information on this website is general in nature and does not take into account your objectives, financial situation or needs. Lending criteria, terms, conditions, fees and charges apply. Approval is subject to lender assessment.
Sandeep Sigdel is a Credit Representative (CRN 576436) of Finsure Finance & Insurance Pty Ltd, Australian Credit Licence 384704.
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