First Home Buyers

First Home Buyer's Guide

You only get to buy your first home once. It’s an exciting (and at times, daunting) experience, but at Langdon Building, we’re committed to making it as seamlessly easy as possible. And with the added bonus of the First Home Owner Grant (FHOG), there’s no better time to buy.

First Home Buyers come in all shapes and sizes. Whether you’re single, married, an investor or ready to retire and downsize, buying your first home involves a lot of steps and decisions that can feel overwhelming. At Langdon Building, we’re on hand to make the process easy and straightforward, taking the mystery out of building your new home.

The beautiful thing about building your first home is that you get to choose the features that enhance your lifestyle, and make it truly your own. At Langdon, we have a generous array of home designs that can be customised to suit your needs. You’ll find a huge selection of affordable designs and house and land packages that fit your budget, as well as our SmartBuild range, which takes the guesswork out of building.

Buying your first home should be a great experience, and we’re here to help you every step of the way.

You’re just three steps away from buying your first home. From getting ready to buy and choosing the right floor plan, to finding the perfect location, your home consultant will guide you from start to finish.

Buying your first home should be a great experience, and we’re here to help you every step of the way.

You’re just three steps away from buying your first home. From getting ready to buy and choosing the right floor plan, to finding the perfect location, your home consultant will guide you from start to finish.

Step 1 - Getting Ready

First Home Buyers come in all shapes and sizes. Whether you’re single, married, an investor or ready to retire and downsize, buying your first home involves a lot of steps and decisions that can feel overwhelming. At Langdon Building, we’re on hand to make the process easy and straightforward, taking the mystery out of building your new home.

The beautiful thing about building your first home is that you get to choose the features that enhance your lifestyle, and make it truly your own. At Langdon, we have a generous array of home designs that can be customised to suit your needs. You’ll find a huge selection of affordable designs and house and land packages that fit your budget, as well as our SmartBuild range, which takes the guesswork out of building.

Buying your first home should be a great experience, and we’re here to help you every step of the way.

Step 2 - Finding the right home

Once you’ve got a good idea of how much you can afford to borrow, it’s time to start house hunting! You’ve probably got an idea of what your dream home looks like, or at least a list of non-negotiables. Whichever end of the spectrum you’re on, this is the time to map out everything you’d love to have, and see what fits within your budget.

Think about how many bedrooms you need—both now and in the future—as well as whether or not you’ll need multiple living spaces and bathrooms. Be sure to recognise what’s a need and what’s a want, and consider the potential resale value of your home.

A good place to start is online, looking through the various house plans available. For the budget-conscious, it’s worth taking a look at small and narrow lot floor plans, as they can be an affordable entry into the property market for first home buyers. At Langdon, we also offer our no-fuss SmartBuild range that not only takes the guesswork out of building, but is a cost-effective option.

Your home is a reflection of your lifestyle, so make sure you factor in the key elements that will make your new house a wonderful home.

Step 3 - Finding the right location

You know what they say: location, location, location! While there’s no easy way to decide the right suburb to live in, there are a few considerations to keep in mind when deciding where to put down roots.

Keep your ideal lifestyle in mind, with consideration given to public transportation and how long it will take you to commute to work each day. Maybe you enjoy having a local café for weekend brunch, or a leafy park to walk the dog. Even if you don’t have kids, it’s worthwhile factoring in local schools and childcare, and the suburb demographics that may affect your insurance costs and council rates.

As a first home buyer, you may need to keep your options open for more affordable suburbs, but you’ll be surprised by the house and land packages available in new estates. It might be your first home, but it doesn’t have to be your last. Sometimes it’s worth keeping the aspirational lifestyle in mind for a few years down the track!

 

Help getting started

First Home Owners Grant (FHOG)

As a first home buyer, you may be eligible for a First Home Owner Grant (FHOG) from the government. Victorian first home buyers can receive a $10,000 grant (or $20,000 in regional Victoria) towards first homes valued up to $750,000.

Be sure to check official government information for the latest information, as the amount differs by state and is subject to change.

First Home Loan Deposit Scheme (FHLDS)

The First Home Loan Deposit Scheme (FHLDS) is a new initiative from the federal government that increases the purchasing power of young Australians to buy their first home. Rather than needing the standard 20% deposit, the FHLDS allows buyers to enter the market with as little as 5% without needing to purchase Lenders Mortgage Insurance.

Essentially, the government goes guarantor instead of mum and dad.

First Home Super Saver Scheme (FHSSS)

First Home Super Saver Scheme (FHSSS) lets you voluntarily contribute and then withdraw up to $30,000 of your super. Instead of waiting to spend the money at the end of your life, the FHSSS lets you use that money to enter the property market sooner rather than later. Plus, super contributions are taxed at a lower rate, which means you can save a larger deposit faster.

Check out the ATO website to read the fine print.

Help getting started

First Home Owners Grant (FHOG)

As a first home buyer, you may be eligible for a First Home Owner Grant (FHOG) from the government. Victorian first home buyers can receive a $10,000 grant (or $20,000 in regional Victoria) towards first homes valued up to $750,000.

Be sure to check official government information for the latest information, as the amount differs by state and is subject to change.

First Home Loan Deposit Scheme (FHLDS)

The First Home Loan Deposit Scheme (FHLDS) is a new initiative from the federal government that increases the purchasing power of young Australians to buy their first home. Rather than needing the standard 20% deposit, the FHLDS allows buyers to enter the market with as little as 5% without needing to purchase Lenders Mortgage Insurance.

Essentially, the government goes guarantor instead of mum and dad.

First Home Super Saver Scheme (FHSSS)

First Home Super Saver Scheme (FHSSS) lets you voluntarily contribute and then withdraw up to $30,000 of your super. Instead of waiting to spend the money at the end of your life, the FHSSS lets you use that money to enter the property market sooner rather than later. Plus, super contributions are taxed at a lower rate, which means you can save a larger deposit faster.

Check out the ATO website to read the fine print.

House & Land Packages
for First Home Buyers

House and Land packages are a great option for first homeowners. Rather than looking for the perfect block to fit your dream home (or the right home for your ideal block), house and land packages have been designed by experts to complement one another. You’ll also have a really clear idea upfront about the overall cost and how that fits into your budget, so you can get started sooner.

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Build Smart. Build with SmartBuild.

SmartBuild by Langdon offers a broad choice of designs and facades, real value and a great home – fast and easy. With a range of plans, colours and upgrade options, Smart Build simplifies the building process, making it the perfect new home option for first home buyers or anyone looking for a great value new home.

First Home Buyer FAQ

Use a Loan Calculator to find out how much you need to pay on your mortgage each week, or talk to one of our Loan Studio Consultants and they’ll help you find the answer to this critical question.

From 1st July 2013 first home owners can receive $10,000 if they are buying or building a new home valued up to $750,000. This amount doubles to $20,000 for new homes purchased or built in regional Victoria. Be sure to check official government information for the latest information, as the amount differs by state and is subject to change.

Langdon Building has a range of building locations in popular estates across Melbourne’s North & West, Ballarat, Bendigo & Geelong. To see if Langdon builds in your area, see where we build.

House and land packages can be a great option for first homeowners as they come at a fixed price — so you know straight off the bat what will fit into your budget (and what won’t!). There are plenty of options to choose from, including single and double-storey, which means there’s bound to be something right for every first home buyer.

A great option for first home buyers is the Langdon Building SmartBuild range, where buyers choose from a range of pre-selected floorplans, façades and internal and external colour palettes expertly crafted by colour professionals. It’s a no-fuss system that simplifies the building process.

Absolutely! Every member of our team, including your new home consultant, liaison officer and site supervisor, are here to help guide you through the building process of your new home.

Ready to buy your first home

Our team of dedicated home consultants are here to guide you through buying your first home from start to finish. Give us a call on 1300 660 764 or fill out the form below and we’ll be in touch!