First home buyers

Data quality is essential to achieving a fast approval when submitting an application. For first home buyers, there are additional requirements to be aware of.

This article highlights information to help you with your clients who are purchasing a property for the first time in Australia.

For first home buyers, on the ‘Applicants’ tab in ApplyOnline you will need to select if your client is a first home buyer.

Your client(s) is considered a first home buyer if:

• they’re purchasing a property to live in or to rent out (i.e. owner-occupied or investment purposes), and
• it’s their first residential property in Australia, regardless of any property ownership in other countries, and
• it’s their first residential property purchase, regardless of if they have previously purchased vacant land or commercial property.

If your client satisfies all the above points, they are considered a first home buyer. Select ‘yes’ on the ‘Applicant’ tab in ApplyOnline.

Note: your client doesn’t need to qualify for a First Home Owner Grant or other first home buyer schemes to be considered a first home buyer.

To submit a FHOG application, please ensure that your client meets the criteria for the First Home Owner Grant. Refer to the below links for State’s criteria.  

If your client meets the relevant State’s criteria, please email the FHOG form to brokersupport@macquarie.com. All other documents should be submitted via ApplyOnline.

FHOG applications will only be processed once the loan has been formally approved. Our Broker Support team will contact you via email regarding the FHOG application.

For Queensland property purchases, please include a Vendor Statement and either the Form 11 Certificate of Occupation or Form 21 Final Inspection Certificate.

For more information on FHOG, you can refer to the following government websites: 

• New South Wales
• Victoria
• Queensland
• South Australia
• Western Australia
• Australian Capital Territory
• Northern Territory
• Tasmania