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From the ground up

From the ground up 1

“Owning my own home means the world to me,” says Lauren, reflecting on her recent experience as a first home buyer. As a casual support worker in home care, Lauren is grounded in her approach to financial decisions.

“I have had to work hard for everything I have in life, and being a casual worker makes it harder.”

The 25-year-oId started thinking about building a home in mid-2019 with her partner at the time.

“I waited and decided to work on my savings which was lucky as my relationship ended.”

Keen to build a new house, Lauren explored options through Beyond Bank Australia, leading her to apply for the First Home Loan Deposit Scheme. The Government initiative allows eligible first home buyers on modest incomes to purchase a home with a deposit of as little as 5 per cent.

“I had all my house design and land picked out ready to make my application easy to submit.”

The team at Beyond Bank stepped Lauren carefully through the process, ensuring the young home buyer was comfortable and in control.

“Working with the bank to get my loan was challenging as I had never built – nor had any idea how things worked, and didn’t understand the big numbers being so young. I was grateful to have such a wonderful team to help me through the process.”

From the ground up 2"The most challenging aspect was obtaining quotes from my builder to ensure I stayed within budget.”

Lauren’s advice to aspiring first home buyers: “Look for affordable options, approach friends and family for advice, and ask as many questions as possible.”

“I wanted to live close to work and the beautiful beaches. And my big must was a nice ensuite with a beautiful shower!”

Customer owned banking institutions make up 20 of the 27 lenders on the Scheme’s panel of lenders.


Media Contacts

Ashley Penny
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 431 932 950
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