We invest time getting to know you; your aspirations, your motivations; and your lifestyle so we can secure you a loan that meets both your current financial needs and future life goals.
Below are the different types of home loans available to first homebuyers. Consider this a starting point. We’ll act as your advocate to identify the right loan for you and negotiate the best deal.
Family Home Guarantee
This government incentive helps single parents get into (or back into) the property market. Single parents or legal guardians are able to buy a home with a deposit of just 2%. The Government will then guarantee the remaining 18%. This means no Lenders Mortgage Insurance, which we know can be a barrier for people building their own home.
Family Guarantee (Guarantor)
Your parents (or grandparents, or siblings) can help you get a home loan by using equity from their home as a guarantee against your loan. Equity is the difference between the property value and the home loan amount.
Your family doesn’t need to give you money for a deposit or assist with home loan repayments. Usually, the lender will register 80% of the home loan against your new home and the remaining 20% against the guarantor’s existing home which means the guarantee is limited and your family is protected.
Once you have enough equity in your property (either through growth in house values, paying off the home loan, or a combination of both), you can remove the guarantee.
House and Land Package Home Loans
Not all home loans are the same. Our finance experts assist with applying for government grants and subsidies to reduce your upfront costs. They also seek the most suitable loan structure to ensure you have interest-only repayments during the construction phase, then when keys are handed over your principal and interest repayments commence.
Would you like to learn more about which home loan is best for you?
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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 Margaret River, and everywhere in between.
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.
In Western Australia, first home buyers do not pay stamp duty on land purchased up to the value of up to $450,000. For land purchased between $450,000 and $550,000, 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.
Building a new home involves a lot of moving parts: from finding land and choosing a design, to comparing builders, understanding contracts, and managing costs. For most buyers, it’s unfamiliar territory.
A building broker helps you make sense of it all.
Just like a mortgage broker compares lenders, a building broker compares builders, helping you navigate the process with less stress and better outcomes.
People choose to work with a building broker because they want:
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Independent advice – not recommendations based on a builder’s bottom line.
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More builder and design choices – without having to shop around or be stuck with what one builder has on offer.
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Clarity on pricing and inclusions – including hidden costs that might catch you off guard.
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Guidance on timelines, contracts and the process – transparent and explained in plain language.
- Support from start to finish – from planning to key handover.
It’s about saving time, money, and hassle, while gaining confidence in your decisions.
Your new home journey deserves a better buying experience.
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.
Going straight to a builder often means you’re only seeing one option. Their homes, their pricing, their terms.
A building broker works differently. We act as your advocate, comparing multiple builders and designs to help you find the best fit for your needs, goals, and budget.
Here’s why people choose a broker over going it alone:
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More choice: We compare a wide range of builders and floorplans — not just one catalogue.
- Peace of mind: Rely on the people in the know, who have vetted builders and selected those who will deliver.
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Impartial advice: We’re not tied to any one builder, so our guidance is genuinely in your best interest.
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Better deals: With insider industry knowledge, we can negotiate inclusions, price holds, build times and more.
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Clarity and confidence: We explain contracts, flag hidden costs, and break down the fine print so nothing catches you off guard.
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Ongoing support: From land sourcing to key handover, we’re by your side the whole way. We’re your property partner for life, after all.
Put simply: you get more value, less stress, and a better build experience when you have an expert in your corner.
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
No, it doesn’t cost you a cent more.
Building brokers, like us, are paid by the builder – the same way a sales rep working at a builder would be. The difference? We work for you, not them.
Instead of pushing one builder’s product, we compare a panel of trusted builders who have been handpicked for their quality, reliability, and customer care. We constantly review this panel to ensure they’re still delivering on time, to standard, and without overpromising and taking on too much work (because this will hurt your build experience in the long run).
So while the builder pays us, our loyalty is to you.
Yes! Locale helps you stack the 5% Deposit Scheme (previously known as the First Home Guarantee (FHBG), stamp duty concessions, and even our Deposit Boost with the scheme.
Eligibility criteria apply.
What our clients say
Don’t just take our word for it, our clients say it better than we ever could.
★★★★★
Monique from locale homes is super helpful & detailed about your house and land packages !
Our transition was much smoother using her to break down everything and to have a clear plan as we didn’t know where to start.Highly recommend the locale homes group & Monique Juratovac if anybody is looking to build a house.
★★★★★
Thanks to Kristen and the team for finding me the perfect block of land and organising everything from working with developers and builders to finding the perfect house plan. The whole process has been fantastic, they always answer every question, keep me in the loop with updates and I would be so lost without all their work. Highly recommend Locale Homes.
★★★★★
I cannot recommend Audris at Locale Homes highly enough! From our very first meeting, she was incredibly friendly and approachable, making what could have been a stressful process feel exciting and manageable.
She went above and beyond to help me secure the perfect piece of land, but more importantly, she gave me the confidence I needed to actually start my building journey. I am so grateful for her expertise and genuine care.
★★★★★
I had the opportunity of meeting Brett last year. Even when we fell short financially, he never gave up and always looked for ways to make it work for us. He kept in touch from time to time until the day came when he found something that makes home ownership possible for us. We are very thankful for his dedication and guidance that we are now able to enter the property market and have secured a nice block of land that falls within our budget. He also helped us find a great builder with nice house designs. I highly recommend Brett and Ankit of Locale Homes to anyone who is planning to build a house. They will surely guide you well to achieve your goals of home ownership. Thank you that we have started our home ownership journey with you guys.
★★★★★
Adam and the team at Locale Homes are awesome. Easy to talk to, very well organized and efficient. We feel at ease diving into this major life milestone with the Locale Team in our corner. Can’t recommend enough!
★★★★★
I can’t recommend Josh Beardsall at Locale Homes enough. His help and guidance in choosing and securing the perfect block of land for my new home was amazing. Josh made what could have been a stressful process feel incredibly straightforward. If you are looking for a home advocate who truly has your back, Josh is your guy!!! Thanks mate
★★★★★
This is my partners and I first time building a home, and we’ve been nothing but pleased and impressed with our representative and the team at Locale Homes.
Our representative, Tayla Juratovac, has been so supportive and knowledgeable. Any concerns weve had along the way have been promptly addressed, and any info and advice we needed was always provided in the best possible way. We were expecting it to be a big tedious daunting process, but so far its been great, having Tayla and the team at Locale to guide us through has taken all the stress and worry out of it.
Looking forward to navigating the rest of the build with Tayla and Locale, and cant wait to see the end result. I think we`re in good hands.
★★★★★
Shea was very professional and made the purchase of our land and house package happen! Without her we probably never would of pulled the trigger.
So stoked. Thanks Shea and team.
