Getting you financially fit is our ultimate goal.
Through Locale’s finance experts you’ll get access to a wide range of competitive home loans that suit your lifestyle and support your future aspirations.
Together, we help you navigate all the financial considerations and requirements, providing you with expert guidance, so you are empowered to make the right decision.
You need us to be transparent and real. We’ll always tell you what you need to hear, not just what you want to hear.
We do the legwork to present you with the right options, as well as advocating for your needs when negotiating with lenders and unlocking government incentives. With access to low deposit options, and even $0 deposit home loans*, you might be quite surprised at how quickly we can make your perfect place possible.
For a customised financial solution that meets your unique needs, contact our team today.
*All finance services are provided by CFS Partners Pty Ltd trading as Custom Financial Solutions WA ABN 71 640 621 352. Corporate Credit Representative Number 523596 is authorised under Australian Credit Licence Number 389328. Custom Financial Solutions WA is a subsidiary entity of Locale Homes Australia. Locale Homes Australia is not a provider of finance or credit facilities.
We invest in relationships with our developer partners, from Australia’s largest master-planned communities to small boutique developments, providing you with the largest selection of land from Two Rocks to Mandurah, all the way down to the Magaret River, and everywhere in between.
A building broker, new homes advocate, or new homes broker is a professional (or team in our case) who assists buyers in navigating the intricate process of building a new home from start to finish. Instead of working for a builder, a land developer or a bank, a building broker works for you.
They serve as your partner and guide throughout the whole home buying journey – from sorting out your finances, searching for land, finding the right home design, selecting the builder, all the way through construction. Their primary role is to streamline the process making the often overwhelming journey feel exciting while ensuring you feel empowered in your decisions. We’re here to ensure you achieve a high-quality home build through a trusted builder at the best possible price and on time.
When you engage a building broker, they take the time to fully understand your requirements and aspirations, as well as financial situation. Since building brokers are independent, with extensive experience in the industry, they are dedicated to helping you make an informed decision and by working with a panel of builders, they ensure you get a competitive deal.
Using a broker, you gain peace of mind knowing that you have an experienced and unbiased building expert by your side throughout the entire building journey.
Stamp duty, also known as transfer duty, is a tax that applies to all property and land purchases or transfers. However, when you build a home, you do not pay stamp duty on the house, as there’s no transfer taking place. You only pay stamp duty on the block of land you purchase.
First home buyers do not pay stamp duty on land purchased up to the value of $300,000. For land purchased between $300,001 and $400,000, there are concessions available, which reduce the amount of stamp duty payable.
This is something to consider when deciding between building your first home or buying an established one – it could result in significant savings.
There is a type of loan that is specifically designed for house and land packages. It’s called a construction home loan and it works a bit differently than a loan for an established property.
When you settle on the land, the lender won’t give you all of the funds from the loan. Instead, they’ll partially draw your home loan and release some of the funds to purchase the land. The remaining funds will be held by the lender and used to pay the builder’s progress claims as you reach certain milestones during construction.
Because of this, during the construction phase, your repayments will be reduced as you’ll only be required to pay the interest. Once your home loan is fully drawn (meaning you’ve paid the builder in full and received your keys), you’ll start making principal and interest payments.
So, how do you decide on the budget for your first home? Determining your borrowing capacity for your first home involves several factors that assess your ability to meet home loan repayments. The process is crucial for banks and lenders to ensure responsible lending practices. Here’s what they typically consider:
- Income
- Assets
- Debts
- Living expenses
- Credit score
- Property value
- Type of home loan
- Deposit amount
Lenders’ Mortgage Insurance (LMI) is insurance that protects the lender if you default on your loan repayments. It is required if you borrow more than 80% of your home’s value. LMI can be avoided in a few ways; by saving for a larger deposit; having someone guarantee your loan; applying for a Keystart loan; or utilising other government incentives.
The actual amount of LMI that you’ll pay depends on the LVR, the lender’s rates and other factors about the property being purchased. LMI can end up costing several thousand dollars, so if you can avoid it, that’s the best case – instead spend that money on furnishing your new home.
We’re your go-to property partner for all your home ownership requirements. We provide you with guidance and support every step of the way as you embark on this exciting journey.
We work exclusively for you. We’re not a builder, a land developer, or a lender. Instead, we focus solely on advocating for what you need to find your perfect home, location and finance solution. Essentially, we replace the sales consultant at the building company and land developer (much like a mortgage broker, only for your build).
We are shifting the way homes are purchased. As your main point of contact, we make sure that you don’t have to speak with multiple people and navigate complex procedures on your own.
We keep the process simple and easy, and provide you with the most choice and independent advice – it’s all about you.
The best part? Our service is free.
That’s the Locale Homes difference.
Buying your first home should be a special experience and we’re here to make sure that’s exactly what you get.
We always put you first – we’re your advocate.
With Locale Homes you’ll enjoy one seamless process, customized to you, so you can avoid having to work with multiple people (land, builder, finance).
You’ll get access to the biggest home and land choice in Perth, all under one roof. We’re able to source the best options for you, offer transparency and empower you with independent advice so you can make the right decision. No need to walk through multiple display homes, or get hassled by multiple salespeople.
With your best interests at heart, we will tell you what you need to hear, not what you want to hear. That’s what good partners do.
Our partnerships with WA’s leading builders and land developers mean you can count on us to negotiate the best deal for you.
Our ethos is to attract and retain the industry’s best talent, so we have the right experience you can rely on.
All customers will have direct access to our Managing Director to ensure you have the best experience because we want to be your property partner for life.
Locale Homes customers will receive; a lifetime structural guarantee for their home, a timeframe guarantee, a price lock guarantee, a fixed siteworks guarantee with a fixed price with no hidden costs, a professional aftercare program, and a bespoke online portal – that has everything*
*Terms and conditions apply. Locale Homes reserve the right to alter or amend any offers without prior notice
We may look shiny and new, but we’re backed by industry-leading talent who have navigated the industry’s highs and lows, all while maintaining a customer-centric approach.
With decades of experience, we are in partnership with some of the industry’s biggest names. Why does this matter? It gives us the ability to connect you with the perfect home, land, and finance options at competitive prices, with no extra fees.
Our founder Adam Schaal started Locale Homes with one simple premise in mind. It was that West Australians deserved a better property buying experience – one that’s focused on the customer’s needs and aspirations, not those of big corporations.
With over 10+ years in the building industry, in successful Executive Leadership positions, Adam Schaal brings a strong understanding of the industry’s intricacies, customers’ needs, and pain points, and how these can be effectively addressed in an industry that is ready for disruption.
His commitment to customer satisfaction is at the core of everything we do, and we will always go the extra mile to ensure that you have a hassle-free and enjoyable experience.
Yes, we work with all land developers, from the largest in Australia to smaller, boutique developments.
Our reputation in the industry has given us unparalleled access to a wide range of land estates. This allows us to offer our customers an extensive selection of land options that are tailored to their specific needs and preferences.
Additionally, as we work for you, we are here to advocate for the best lot of land and contract terms.
Let’s find you the perfect loan, for your perfect place.
We find you the best finance solution to suit both your current needs and future life goals.
