The easy 4-step guide for first home buyers

Buying your first home is an exciting moment in your life that can also be really daunting. The good news is that if you take your time, do your homework and start planning now, you’ll be able to sign that contract with confidence when you find the right pad.

To help you navigate your way through the process, here’s our easy four-step first home buyer checklist:
Step 1: Sort your bills out
Your repayment history affects your credit rating, which banks use to determine how much money they are willing to loan you (if at all). A history of overdue personal loan, credit card and HECS debt payments tells lenders you’re unreliable – why should they trust you to make hefty mortgage repayments?
If you’re been a little late paying the odd bill or two, you’re going to need a solid block of punctual repayments to get in the best position to blitz those bank visits.
Handy tip: check your credit rating from time to time to see if you’ve improved or identify any mistakes made by the companies you’re repaying.
Step 2: Save your deposit
The sooner you start saving for your deposit, the better. And don’t forget about all the other pre-purchase costs you might need to pay, like stamp duty, insurance and lenders mortgage insurance. Better start reigning in those soy latte frappuccinos!
You should also wipe out as much debt as possible. Did you know lenders look at your credit card limit, not the amount you owe? Say your card has a $5k limit - even if you don’t owe a cent,that counts as being a full $5,000 debt! Big difference, right? That could seriously put lenders off approving your loan application, or at least convince them to lock in a higher interest rate. If you don’t need that credit card, it’s probably a good idea to cancel it.
Step 3: Get organised
Now’s the time to research the professional help you’ll need to get you through the purchase process (like financial advisers). You’ll also want to start rounding up your tax returns, bank and credit card statements, payment summaries and payslips to make sure you’re ready to roll for that home loan application.
Speaking of home loans, start doing your research. Talking to as many lenders as possible will help you work out who you trust, and which loan will suit you for the home you want to buy.
Step 4: Ready, steady, buy!
It’s home hunting time! This is the fun bit where you put out the feelers to see what you want and what you can afford. Part of this process involves contacting lenders to organise pre-approval. That way you can hit up those display homes and home opens with confidence knowing that if you like what you see and the price is right, you can slam down that offer and fast track your loan application processing.
As for the home itself, you’ll want to think about whether to buy new or old. Buying an established home has its perks, but it is like purchasing an old car – you’ll want to take extra precaution to make sure you’re not buying a lemon. That means organising a pest control team to check for termites, as well as a building inspector to make sure everything is structurally sound. 
On the other hand, building your first home from the ground up gives you complete confidence knowing everything is brand spanking new. And in the unlikely event something goes wrong, you’re covered by structural and maintenance warranties. As a new home, you also get to put your own stamp on your home and by choosing everything from the design to the colours, flooring, curtains and all in between.

But here’s the big one…
It’s your only way to access the $10,000 First Home Owner Grant (FHOG)!
The current FHOG is a one-off grant of up to $10,000 to go towards new residential homes only – you can’t claim it to buy an established home. So if you’re considering building a new home, now’s the time to see if you’re eligible. There are no income or assets tests to qualify, but you do need to fit some first home buyer criteria.
To apply for the FHOG, you need to:
  • Review the lodgement guide
  • Fill out the application form
  • Provide supporting evidence
  • Lodge the application.
You probably won’t make $10k that easy ever again! For more information about the FHOG, click here.
Pindan – making first home buying easy
Pindan makes first home buying easy with a range of exciting and affordable new developments in popular suburbs right across Australia.

Check out these top apartments and house and land packages – now selling.

Indigo China Green

Subiaco, WA

1 bedroom apartments from $349,000
2 bedroom apartments from $449,000
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Canning Vale, WA
3 Bedroom Single Storey – from $399,000
3 Bedroom Double Storey – from $495,000
4 Bedroom Single Storey – from $455,000
4 Bedroom Double Storey – from $519,000
Find out more at

Plaza Central

Maroochydore, QLD
Stage 1 now selling from $309,000
Find out more at


Ferndale, WA

House & Land Packages from $459,000
Find out more at

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