First Home Buyers: Sally and Harry

Sally, 22 years old, works as a beauty therapist and Harry, 23 years old, as a plumber. The young couple had saved for a house deposit for seven months and were keen to purchase a home close to their families and workplaces. 

They found a property, received pre-approval and signed the contract all within three weeks. They purchased a four-bedroom, two-bathroom home, on 780 square metres with the help of a RFHBG.

'We had some idea of what we were looking for, but this house had everything we wanted. It just ticked all our boxes.

'The home is 12 years old, has a double car garage and a great patio area which is ideal for entertaining. The block is a good size with established trees and a large hedge at the front that blocks out all the traffic noise.'

Sally and Harry were initially unsure how the Scheme worked. After meeting with their lender, they realised they may be eligible for a RFHBG. 

'The Scheme allowed us to get into home ownership sooner, as we did not have to save as much for the initial deposit. We were able to move out of our family homes straight into our own home. We don't have to pay rent and we have an asset that we can grow in value.'

Harry and Sally both grew up on acreages 10 minutes from Bannockburn. 'Mum and Dad had a bit of land. We would love to get more land in the future and now that we have our own home, we will be able to build equity for our future,' said Harry. 

*Names withheld to protect privacy of participants.