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An insight on Who we are

Greenleaf Finance is a privately owned and independent boutique finance broking company,
specialising in mortgages, commercial loans, vehicle and equipment finance and corporate
advisory.
We are highly regarded amongst existing clients and professional referrers, our head office is
located in Subiaco, Western Australia, servicing clients throughout Australia and overseas.

If you are looking for a dedicated lending specialist, you have come to the right place.

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Our
Services

We have a solution for all your financing requirements. Whether you are a First time buyer, a Seasoned Investor or simply looking to get a better deal on your current loan we are here to help.

Whatever step of your financial journey you are on, we will work vigorously to help you achieve your goals.

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Boosts, bonuses and grants available to first home buyers

20 Oct 2020Are you eligible for a First Home Owner Grant?

What’s not to love about free money? First home buyers who buy or build a new place can tap into grants worth tens of thousands of dollars.

Better get in quick though, most end on 31 December 2020. Here’s how the dollars stack up.

$25,000 HomeBuilder

The $25,000 HomeBuilder grant could be yours when you buy or build a new home priced below $750,000.

Or, you could be eligible for HomeBuilder if you buy a doer-upper with plans to renovate. You’ll need to spend at least $150,000 on improvements to be eligible.

Limits apply to your income and property value to be eligible. 

See if you can claim HomeBuilder.

$20,000 WA Building Bonus

Build a new home in WA, and you could pocket up to $45,000. That’s thanks to the welcome combo of the $25,000 HomeBuilder grant plus the $20,000 Building Bonus grant exclusive to WA. Building Bonus isn’t limited to home buyers. Investors can apply too.

Check out the details of Building Bonus.

$20,000 Tasmanian HomeBuilder

No, you’re not seeing double. First home buyers in Tassie can pocket two HomeBuilder grants – the state’s own $20,000 HomeBuilder plus the $25,000 HomeBuilder available nationally. Twice as nice, right?

Find out if you’re eligible.

​​$20,000 NT BuildBonus

Make your first home in the Top End a new home, and you could claim the $20,000 BuildBonus – and that’s on top of the $25,000 HomeBuilder grant.

With only 600 BuildBonus grants up for grabs, be sure you don’t miss out.

Check if you’re eligible.

Qld Regional Home Building Boost

Here’s a good excuse to escape to the country. Buy or build a new home valued below $750,000 in regional Queensland, and you could claim the $5,000 Regional Building Boost, then back it up with the $25,000 HomeBuilder.

Check if your postcode classifies as ‘regional’.

The First Home Owner Grant

The First Home Owner Grant (FHOG) is only available if you’re buying a home for the first time – and yes, you have to be buying a residential property to live in. That means everyone on the title must be a first-timer. If you’re buying with someone who’s already owned a home in their name, that rules out both of you.

The FHOG differs between states and territories, as does eligibility criteria. The First Home Owner Grant website can direct you to all the information you need – as well as how much you could be eligible for. In most cases, you may only be eligible if you’re building or buying off the plan. But if you can claim the FHOG, chances are you could also be eligible for savings on stamp duty

Your ME Mobile Banker can help you understand your eligibility for a whole variety of first home buyer support, and get your application sorted.

Note: Grants are subject to change and the readers responsibility to check they are eligible at the point of application.

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How much home loan deposit do I really need?
How much home loan deposit do I really need?

Home loan deposits are a lot, right? All those zeroes and decimal places. You save and save but sometimes the goalposts move, or you have to make an unexpected trip home, or you just really needed that jacket and it was on sale.

The good news is, we understand it’s tough to save, especially when you really love all three of your streaming services. We want you to walk up your street and be filled with happiness at the sight of your own place. We want to see you in your comfy new living room. We want you to feel settled while you binge Game of Thrones.

And we’re good at maths, so we know it’s way easier to save 5%. That’s why we let you borrow up to 95% of the value of your chosen property.

But here’s the best part. Your deposit doesn’t have to all come from personal savings. There are plenty of grants and bonuses that first home buyers can put towards their deposit.

Let’s break it down: how much do you really need to save?

Bigger (deposits) is (are) better.

Lenders look at something called ‘loan-to-valuation ratio’, or LVR – that’s the ratio of your loan versus the value of the property you want to buy. So if you have a deposit of, say, 20%, you have an LVR of 80%. Or, if your deposit is worth 5%, your LVR is 95%.

The bigger your deposit, the better. It lowers your LVR, and that means lower repayments. And the lump sum you contribute as a deposit at the start, is money you’re not paying interest on later.

Smaller deposits mean lenders mortgage insurance.

There’s another good reason to aim for a bigger deposit. If your LVR is above 80%, it’s likely you’ll need to pay lenders mortgage insurance (LMI). It’s a one-off sum that protects the lender if you default on your loan.

Usually it’s bundled into the amount you borrow so it’s not an upfront payment, but it does mean you’ll pay a bit of a low deposit premium.

There are other upfront costs.

Buying a house is an expensive exercise. Besides the deposit for your lender, you’re also going to be forking out for legal fees, insurances, moving trucks, connection and disconnection fees and a fancy new welcome mat.

Stamp duty is the big drainer. It’s calculated on the contract price for your property and it just goes straight to the government, not towards paying off your place. The amount you’ll pay varies between states and territories – and as a first home buyer, you could be eligible for a discount. Use our stamp duty calculator to plan ahead.

You’ll need to have all of these costs covered in addition to the minimum deposit for a home loan.

A helping hand may be available.

Your deposit could be helped along by a whole range of grants and support. Here’s what’s currently up for grabs.

  • $25,000 HomeBuilder – buy or build a new home costing below $750,000, or buy a ‘renovator’s delight’ and spend at least $150,000 doing it up, and you could pocket the $25,000 HomeBuilder grant.
  • $20,000 WA Building Bonus – available when you build a new place in WA. Better still, no income or property value limits apply.
  • $20,000 Tasmanian HomeBuilder – build a new home or demolish a wreck and rebuild, to claim Tassie’s own $20,000 HomeBuilder.
  • $20,000 NT BuildBonus – exclusive to new home builders in the Top End but only 600 BuildBonus grants are available.
  • First Home Owner Grant – if you’re a first-time buyer, you may be eligible for the first home owner grant (FHOG) . That’s a one-off payment to help get you into your home. There are various conditions and criteria, but it can contribute thousands of dollars to your loan – well worth checking out.

More ideas to get over the line.

You could explore buying a property with someone else. Maybe you and a friend can go halves, or  the bank of mum and dad is happy to top up your deposit? Remember if you’re buying with a friend, they will also need to demonstrate a strong savings history and ability to make repayments.

A cash gift can also be an incredibly generous boost to your deposit. Keep in mind that we’re keen to see your healthy relationship with savings, so getting a lump sum to cover the whole lot is actually not as impressive as consistently putting aside what you can afford.
Saving for a deposit can be pretty daunting, but a small deposit doesn’t have to lock you out. Have a play with the slider on our borrowing power calculator to see how a bigger deposit can affect your repayments.

And when you’re ready, a ME Mobile Banker can answer all your questions about getting into your own place sooner.

You could explore buying a property with someone else . Maybe you and a friend can go halves, or the bank of mum and dad is happy to top up your deposit? Remember if you’re buying with a friend, they will also need to demonstrate a h2 savings history and ability to make repayments.

A cash gift can also be an incredibly generous boost to your deposit. Keep in mind that we’re keen to see your healthy relationship with savings, so getting a lump sum to cover the whole lot is actually not as impressive as consistently putting aside what you can afford.

Saving for a deposit can be pretty daunting, but a small deposit doesn’t have to lock you out. Have a play with the slider on our borrowing power calculator to see how a bigger deposit can affect your repayments.

And when you’re ready, a ME Mobile Banker can answer all your questions about getting into your own place sooner.

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