First home buyer couple sit together on the couch with their phones out. The home design shows an open plan living area that opens up to the outdoor alfresco area with large glass panel doors. The background shows a sunny day with a shaded outdoor dining area, and lush green lawn and green landscaping.

Finance Tools

Get clarity on your finances before you start

Understanding your finances is one of the most important steps in planning your first home.

The right tools can help you see where you stand, what’s possible and what your next move should be.

We’ve brought together a simple set of tools to help you explore your borrowing power, compare rent to repayments and check your financial readiness. You’ll get a clearer picture of your options before you start speaking with our finance partners.

These tools are a guide. When you’re ready, we’ll walk you through everything in simple terms and help you make sense of the numbers.

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Borrowing Calculator

Get an estimate of how much you may be able to borrow based on your income and lifestyle. This gives you a starting point and helps you understand what kind of home and land package could fit your budget.

Rent Calculator

See how your current rent compares to potential mortgage repayments. You may be closer to owning your first home than you think.

Finance Health Checks

A quick financial health check can clarify your strengths and highlight where you may want to improve before applying for finance. It’s a simple way to understand your readiness and the steps might help you qualify sooner.

Loan Repayment Calculator

Get a sense of what your repayments might look like for different loan amounts. This helps you plan ahead and understand what you’ll be comfortable paying each month.

First home owners grant

The First Home Owner Grant in Western Australia offers eligible first home buyers a one-time payment of $10,000 when building a new home. It can help reduce the initial cost of your build and make your first home more achievable.

We’ll help you understand the criteria and guide you through the steps if you’re eligible.

Learn more

Parents of first home owners arrive in the home with flowers and gifts. Built by Step 1 Homes, the home design features a light-filled walkway as the parents of first home buyer enter the kitchen and greet the proud new homeowners.

See what’s possible with Step 1 Homes

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