First homebuyer’s guide: Getting a home loan in Australia

For first-time borrowers, the home loan application process can feel overwhelming. Learn the basics around interest rates, the application process and government support you may be eligible for in Australia.

You could go to a couple or more mortgage brokers, see what loans they offer, and compare them. Credit: pixdeluxe/Getty Images

Key Points

• Start by investigating interest rates and features of home loans available in the market.
• A deposit of between five and 20 per cent is one of the prerequisites.
• Check for government home-buying assistance you may be eligible for.

Read more: