First Home Buyer Case Study
$80K Income → $570K Property with $11,400 Deposit
- Client
- First home buyer (single applicant)
- Income
- $80,000
- Broker
- William Pengly – Unconditional Finance
The Objective
- Enter the property market without years of additional saving.
- Minimise the deposit and avoid unnecessary LMI costs.
- Secure a suitable, well-structured first home loan .
The Problem
With limited savings and rising property prices, the client believed entering the market would require years of saving. Traditional lending pathways would likely require a 5–20% deposit and potentially include LMI costs.
The Solution (3 Steps)
- Expert broker guidance: assessed full financial position and borrowing capacity.
- Strategic structuring: explored alternative government-supported pathways.
- Help to Buy: client owns 70%, government contributes 30%.
Results (Real Numbers)
$80K
Annual income
$570K
Purchase capacity
$11.4K
Deposit required
| Metric | Outcome |
|---|---|
| Client Ownership | 70% |
| Government Contribution | 30% |
| Property Type | 2 Bedroom Home |
Key Takeaways
- Smart structuring can outperform raw savings.
- Government schemes can dramatically reduce deposit barriers.
- The right broker turns “not yet” into “approved”.
Contact us if you are looking for mortgage brokers in Sydney who work with first home buyers on ordinary incomes.
Related resources
- Deposit Calculator : Work out how much deposit you need.
- Stamp Duty Calculator : Estimate your upfront purchase costs.
- First Home Buyers Mortgage Process : See what to expect from application to settlement.
- Low Deposit Loans : Options for buying with a smaller deposit.
Think you can’t buy yet?
You may be closer than you think. See what the right structure and the right scheme could unlock for your first home.
First Home Buyer Loans Check My Options