First Home Buyer Guide: Getting It Right in Canberra
- anonomous
- Feb 7, 2025
- 1 min read
Updated: Jan 14

Intro
Buying your first home is exciting, but it can also feel overwhelming. Between deposits, grants, approvals, and hidden costs, first home buyers need clarity before making decisions.
Key Myths Explained
You don’t always need a 20% deposit
Bank pre-approval isn’t final approval
Going straight to a bank can limit your options
What First Home Buyers Should Do
Check your credit report early
Reduce existing debts
Avoid new credit applications
Build consistent savings history
Prepare documents in advance
Grants & Support (ACT)
First Home Owner Grant (up to $20,000)
Stamp duty concessions
Help-to-Buy shared equity scheme
Final Tip
Preparation and the right advice can save first home buyers tens of thousands of dollars over the life of a loan.




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