First Home Buyer
Buying your first home is stressful, Alcove will calm your thinking, bring confidence and clarity to your first property move.
How we help
Over the past 11 years, we have helped 1,000s of clients navigate the challenge of successfully buying their first home. Purchasing not just a property but a quality asset that sets them up for their family's financial future. We're committed to helping you feel confident through a process you haven't yet experienced, to achieve an outcome that truly works for your future.
We know this can be a bewildering time for you. Exciting. Challenging. Confusing.
Questions running through your mind
How much deposit do I need?
Do I buy an investment or a home?
Do I need pre-approval now?
Is there a government scheme?
Do I buy now or wait?
Is the market running away from me?
Your first property purchase won't be your last, so it's essential to think creatively about the right strategy for your future.
Buy a home for today
Is it better to buy a quality property as a home today, that will grow strongly with a plan to sell when you're ready for your next home?
Buy a home for tomorrow
Is it better to buy a quality asset as a home for the future, one that will appreciate strongly, with a plan to move in when you're ready?
Buy an investment property
Is it better to buy a quality asset as an investment, one that will appreciate strongly, with a plan to sell or keep in the future?
Mortgage Advice
There is more to mortgages than fees and rates; we understand what makes great mortgage advice, and we have a clear culture that provides best practice guidance.
The landscape is continually evolving as governments and lenders implement policies to assist First Home Buyers in securing their properties.
Here's what we consider:
5% Deposit Scheme
Introduced in 2020, with further relaxed qualification criteria, it is an excellent option for nearly all First Home Buyers.
Lenders Mortgage Insurance (LMI)
When a 20% deposit is out of reach, LMI is an excellent option to enter the market sooner, not later.
90% Professional Loans
For certain professions, a 10% deposit is all you need to avoid LMI and to buy today without other costs.
Guarantor Loans
A family guarantor can significantly help First Home Buyers to buy sooner, rather than later, without a deposit.
Investment Loans
Investment Loans are often used to purchase better-quality assets, particularly for those living at home.
Low Deposit Lenders
Low-deposit non-bank lenders are available, providing the ability to buy sooner, not later.
Government Equity Schemes
Governments' co-ownership schemes enable you to buy beyond your capacity today in partnership.
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Listen to our podcast First Home Unlocked
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We’ve got time to talk
Book a chat with one of the team, and we’ll take it from there.
Selected Awards
2024 The Adviser
#1 Elite Broker Ranking
2024 MPA
#3 Top 100 Broker Ranking
2024 MFAA Excellence
Finance Broker Business Award