How much deposit is needed for first-time home buyers in Brisbane?

It's advisable to have a deposit of at least 20% to avoid paying Lenders Mortgage Insurance (LMI). However, you might still qualify for the First Home Loan Deposit Scheme with a 5% deposit.

Can I use my superannuation to purchase a house?

Yes, first-time buyers can access their superannuation via the First Home Super Saver (FHSS) scheme, allowing you to contribute and later withdraw up to a certain limit for your deposit.

Will couples lose the First Home Owners Grant if one partner has previously purchased a property?

If one partner has owned and lived in a property before, it could impact your eligibility for the First Home Buyers Grant. However, if that property wasn't a primary residence, you might still qualify.

Do first-home buyers in Brisbane have to pay stamp duty?

First-time buyers may qualify for a stamp duty exemption or concession, depending on the property's purchase price.

How much deposit is required to avoid LMI?

To bypass LMI, a deposit of at least 20% is necessary. Certain professionals might qualify for LMI waivers; contact us to check if your profession is eligible.

How does partnering with a First Home Buyer Mortgage Broker improve my chances of loan approval?

Working with a first-home buyer mortgage broker can greatly boost your chances of getting your home loan approved. Brokers can help navigate the process, access multiple lenders, and enhance your application. They can guide you through loan types, assist with financial documents, and negotiate the best terms for you.

What is the cost of hiring a mortgage broker?

Most mortgage brokers don't charge borrowers directly, as they earn a commission from the lender once the loan is settled. However, some brokers may have service fees, so it's essential to clarify any potential costs upfront.

Can you really help me find the best home loan for first-home buyers?

In Australia, mortgage brokers aren't allowed to claim any particular loan as the 'best' due to ASIC regulations. However, they can work closely with you to discover the loan that aligns best with your needs, considering your financial situation, goals, and the lender options they can access.

Can a mortgage broker assist me if I have poor credit?

Yes, a mortgage broker can help first-time buyers with bad credit. They have access to specialist lenders who might offer you a loan despite a less-than-ideal credit history, though you may face higher interest rates or need a larger deposit.

What grants are available for new homeowners?

There are several grants available for first-time buyers, including: First Home Owner Grant (FHOG), First Home Guarantee, First Home Super Saver Scheme (FHSSS), First Home Buyer Choice, and Stamp Duty Concessions. A mortgage broker can help you navigate these options.

Who qualifies for the First Home Owner Grant?

To qualify for the Australian First Home Owner Grant, you must be at least 18 years old, a permanent resident or Australian citizen, plan to live in the property as your primary residence for at least six months, and never have owned a home in Australia before. Eligibility varies by state or territory and may depend on the property's value and other factors.

How can I apply for first home buyer grants?

The application process for first home buyer grants can differ. For the First Home Owner Grant, you can apply through an approved agent or via the FHOG customer portal. Applications must be submitted within 12 months of settlement or the completed construction date of your new home. You'll need to complete the relevant application form if applying through an agent.

Commercial Property Loans

Facilitating Business Growth for Australians with Commercial Property Loans

Investing in commercial property is a strategic move for business owners looking to expand. It provides long-term stability and the potential for significant returns. Unlike residential property loans, commercial property lending has unique benefits, such as longer leases, potential rental income, and a growing property portfolio that strengthens your business assets.

At Ausfirst Lending Group Mortgage Brokers, we specialise in commercial property loans that help Australians confidently buy commercial property. Whether you’re purchasing business premises, expanding into standard commercial properties, or acquiring industrial or retail space, we offer loan options with competitive commercial property interest rates and flexible loan terms to match your financial situation.

Our commercial loan solutions consider key factors like loan-to-value ratio (LVR), purchase price, and cash flow, ensuring that business borrowers secure the right lending options with minimal lender’s risk. We also assist with commercial valuations, financing through a self-managed super fund (SMSF), and overcoming bad credit history, so you can invest in the right commercial property investment without unnecessary hurdles.

Ready to expand your business? Get in touch today to explore the right finance solutions for your next commercial property purchase.

Smarter and Faster Commercial Property Loans with Ausfirst Lending

Time is money. That’s why we’ve redefined the mortgage and property loans process with a seamless, digital-first approach tailored to your financial situation. Whether you’re securing a home loan, investing in commercial property, or expanding your property portfolio, we offer lending options designed for flexibility and ease.

Our commitment to transparency means you receive clear, accessible guidance at every step. We will help you navigate loan applications, compare interest rates, and find the right loan terms for your goals.

We prioritise financial literacy, sustainable growth, and smart investment strategies to ensure you make informed decisions. From residential property loans to commercial loan options, we collaborate with most lenders to provide competitive finance solutions that minimise fees and maximise returns.

Let Ausfirst Lending guide you through a modern approach to commercial property lending. Invest with confidence and build a secure financial future.

How Does Commercial Property Loans Work?

A commercial property loan is a specialised finance option for business owners and investors looking to purchase commercial real estate. Unlike residential property loans, which are primarily for homebuyers, commercial property lending is used to acquire business premises, expand a property portfolio, or secure an income-generating investment.

These business loans function similarly to home loans. A lender provides funds to purchase the property, and the borrower repays with interest over an agreed term. However, commercial property loans generally come with higher interest rates, stricter loan-to-value ratio (LVR) requirements, and a need for a larger deposit due to the higher risk associated with commercial property investment.

Requirements for Getting a Commercial Property Loan

To ensure a smooth application process, it’s essential to understand the key requirements lenders typically assess:

Deposit and Loan-to-Value Ratio (LVR): Unlike residential property loans, commercial property lending often necessitates a larger deposit. Lenders usually require a deposit ranging from 20% to 30% of the purchase price, resulting in an LVR of 70% to 80%. This means you must provide a substantial upfront payment to secure the loan.
Financial Documentation: Lenders will evaluate your financial health to determine your ability to service the commercial loan. Be prepared to provide:

Business Financial Statements: Detailed records showcasing your business’s profitability and cash flow.
Tax Returns: Recent personal and business tax filings.
Rental Income Details: Documentation of existing commercial leases and rental income if the property is leased.
Trust Deeds: For properties held in a trust structure, relevant trust documentation is necessary.

Credit History: A strong credit history enhances your eligibility for favourable loan terms. Lenders assess your creditworthiness to gauge the risk associated with lending. Even with a bad credit history, options may be available, but they might come with stricter conditions or higher interest rates.
Property Valuation: An independent commercial valuation of the property determines its market value, influencing the loan amount and LVR. Lenders rely on this valuation to ensure the property’s worth aligns with the purchase price and supports the loan requested.
Lease and Tenant Information: Details about existing or prospective tenants, including commercial leases, lease terms, and rental income, are crucial. Properties with long-term, stable tenants are often viewed more favourably, as they indicate reliable income streams.
Business Plan and Purpose: Clearly articulate the purpose of the property acquisition and how it aligns with your business objectives. A comprehensive business plan demonstrating potential for growth and profitability can strengthen your application.
Legal and Regulatory Compliance: Ensure all legal aspects, such as zoning laws and property usage regulations, are addressed. Compliance with local Queensland regulations is imperative to avoid potential legal hurdles.

What to Consider Before Applying for a Commercial Loan

Applying for a commercial loan is a significant financial commitment that requires careful planning and a clear understanding of the lending landscape in Melbourne.

Lenders assess multiple factors, including cash flow, business stability, and loan-to-value ratio, to determine borrowing capacity. Commercial project financing often involves a larger deposit, higher interest rates, and more stringent lending criteria. Knowing how these elements impact repayments can help you structure your loan effectively.

Melbourne also has specific zoning regulations, property use restrictions, and tax considerations that may affect your investment. Understanding these legal and financial obligations before committing to a commercial property purchase will ensure a smooth transaction and help you avoid unexpected costs.

At Ausfirst Lending, we guide business owners through every step of the commercial property lending process, ensuring you secure a loan that aligns with your financial situation and investment goals. Speak with our experts today and take the next step towards a smarter investment.

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FAQs on Commercial Property Loans

Most lenders require a deposit of 20-30% of the property’s purchase price, depending on the loan-to-value ratio (LVR). Some high-risk properties may require a larger deposit.

Interest rates vary based on the lender, property type, and borrower’s risk profile. Generally, commercial loans have higher interest rates than residential mortgages, starting at around 4% and going up.

Yes, but it may come with higher interest rates and stricter lending conditions. Some non-bank lenders offer options for borrowers with bad credit.

Not necessarily. While many borrowers are business owners, investors can also apply for commercial loans if the property is leased to businesses.

You can finance office buildings, warehouses, retail shops, industrial properties, and mixed-use developments, depending on the lender’s criteria.

Mortgage

Custom Loans

Custom Loans

Professional Loans

Commercial Property Loans

Facilitating Business Growth for Australians with Commercial Property Loans

Smarter and Faster Commercial Property Loans with Ausfirst Lending

How Does Commercial Property Loans Work?

Requirements for Getting a Commercial Property Loan

What to Consider Before Applying for a Commercial Loan

Read Less

FAQs on Commercial Property Loans

How much deposit do I need for a commercial property loan?

What are the interest rates for commercial property loans?

Can I get a commercial loan with bad credit?

Do I need a business to apply for a commercial property loan?

What types of properties can I purchase with a commercial loan?

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