First home buying process

We understand the journey of buying your first home can be a daunting one.

We’ll guide you through each of the stages and provide you with the information you need to purchase your first home.

Preparing to buy

• Plan and research - Read our guide for buying your first home to help you understand your borrowing power, ideal loan size and more.
• Save a deposit - Put together a budget on how much you can save each month. Click here for tips to help you start saving for your house deposit.
• Speak to a Home Loan Specialist - Having pre-approval can help show that you're serious about buying, speak to us today.

Looking for a home

• Start looking at properties - Look online, talk to real estate agents, go to property inspections and explore what's on offer. Keep in mind that your search could take months. Realestate.com.au or Domain.com.au are good places to start.
• Check the condition of the property - Once you've found a property you like, get a building and pest report done by a professional. This could save you a lot of money down the track.
• Contract of sale - The seller of a property will prepare a contract of sale. Once you're ready to review the contract of sale, get help from a solicitor or conveyancer to review before signing. Paying a legal expert is the best way to avoid costly mistakes.
• Finalise your loan - Speak to your Unity Bank Home Loan Specialist and formalise your loan application and approval.

Settle on your first home

• Settlement - The settlement date is when the property title is transferred into your name, and your mortgage begins. Your solicitor or conveyancer will finalise the settlement with the lender and seller. Then you'll get the keys to your new home.
• Stamp Duty - Stamp duty is a one-off state government property-transfer tax. You typically need to pay this within 30 days of settlement. Use our stamp duty calculator to find out how much you have to pay.
• Plan to move in and enjoy your first home!