First Home Buyer Scheme Secured

First home buyer securing this beautiful free-standing house in the Central Coast area after lots of perseverance in this hot market. With a Total land area of 664 sqm, this dwelling offers lots of space, a generous floor plan, a Pool, and a large shed with future granny flat potential. They were also able to secure the First Home Guarantee scheme offered under NHFIC, to purchase their first home with a deposit of as little as 10% without the need for lenders’ mortgage insurance (LMI).

Key Highlights

First home buyer securing a place in the Federal Government’s First Home Guarantee Scheme.
90% LVR with no LMI required.
664 sqm property with future potential to develop a granny flat.

Loan Purpose

LVR

Loan Type

Repayment Type

Investment Rate Type

Offset Facility

Government Grant/Scheme Used

Yield on Property

Total Funds Required (Outside Leverage)

Equity Used

Rental / Week

Purchase of Residential Investment

90%

Packaged Home Loan

Interest only

Variable

Yes

No

4.5%

$0

Yes 25% of purchase price from another Investment property

$550

What are your property goals?

Let's start a conversation

Final investment loan for FY 2023/24. Approved!!!

Investment Loans, Property Articles, Property Due Diligence

This brand-new dwelling was secured within a day of being listed. As part of a strategy to expand and diversify the portfolio, it was purchased before the end of FY 2023/24. Located less than 20 km from Perth CBD, it boasts an expected rental yield of 5.5%, a 93% LVR with no LMI, and a sub-80% interest rate. From financial strategy to end-to-end due diligence (DD), the entire process was conducted by Ka-ching Finance.