@kktalksfinance: A $650,000 home in Victoria with $26,554 out of pocket. Here is exactly how the numbers work. The property is land at $350,000 plus a build cost of $300,000. The 5% deposit is $32,500. Stamp duty is zero for eligible first home buyers in Victoria. LMI is waived through the First Home Guarantee Scheme. Add mortgage registration, transfer fees and lender fees and the total funds needed come to $36,554. Then the First Home Owner Grant puts $10,000 back in. $36,554 minus $10,000 leaves you with $26,554 cash needed on the day. Your loan is $617,500 at 95% LVR on a construction loan. This only works if you are eligible for the First Home Guarantee Scheme. Income and property price caps apply. DM me FIRST and I will check if you qualify. This is general information only and not financial advice. Please speak to a qualified professional before making any decisions. #firsthomebuyer #firsthomebuyeraustralia #newbuild #firsthomeguarantee #mortgagebrokermelbourne

Karan Kapoor | Mortgage Broker

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Tuesday 04 August 2026 08:18:23 GMT