First Home Buyer · Ashfield
First Home Buyer Loans in Ashfield
Ashfield is one of the friendlier ways into the Inner West for a first home buyer, with a deep apartment market and a train straight to the city. Here's how the deposit and the schemes work, and how I help you get in.
Ashfield has long been a first stop into the Inner West for buyers who want the location without the top-tier price tag. It's full of solid red-brick apartment blocks, has a busy shopping strip, great food and a station on the main line to the city. Units here have tended to sit a notch below the flashier Inner West suburbs, which is exactly why first home buyers look at it. Houses are a stretch for most people starting out, so an apartment is usually the realistic entry point.
Deposits and the schemes
- You may be able to buy with as little as 5 percent through a government scheme, sometimes with no lenders mortgage insurance, if you're eligible.
- A lot of Ashfield apartments sit comfortably under the first home buyer scheme price caps, though the caps and rules change.
- A first home stamp duty concession may apply on the way in, which can free up more of your deposit.
- Get a pre-approval sorted so you can move quickly when the right unit comes up.
Two numbers to start with
Run the borrowing power calculator and check the stamp duty, then let's talk about which scheme fits and what it means for your deposit.
Getting the older-block details right
Ashfield's charm is its older apartment stock, but that comes with things worth checking, like strata funds and building condition. Some lenders are also fussier about smaller units or particular buildings. Part of my job is knowing which lenders suit the place you're buying, so a valuation or a strata report doesn't derail your finance at the last minute. I'll help you go in with your eyes open and your loan lined up.
Buying your first home in Ashfield?
Let's work out what you can afford and get you set to make an offer.
Frequently asked questions
Is Ashfield cheaper than the rest of the Inner West?
Apartments here have tended to sit below the pricier Inner West suburbs, which is part of the appeal for first home buyers. Prices move, so book a call and I'll tell you what's realistic for your budget.
Will a scheme help me buy an apartment in Ashfield?
It may. Many Ashfield units sit under the first home buyer scheme price caps, so you could get in with a smaller deposit and possibly no lenders mortgage insurance. The caps change, so let's check the current rules against your price.
Do lenders worry about older units?
Some do, particularly with smaller apartments or certain buildings and strata situations. I know which lenders are comfortable with what, so I can steer you to one that suits the place you're buying.
Important information
This information is general in nature and does not take your personal objectives, financial situation, or needs into account. It is not credit assistance or a recommendation to enter into any particular credit contract. Consider whether it is right for you and seek advice before acting. Lending is subject to a lender's eligibility and approval criteria. Terms, conditions, fees, and charges apply.
Greenwood Finance · ABN 23 671 049 693 · Credit Representative No. 551942.
First Home Buyer in Ashfield?
Book a free 15-minute call with Victor. No fees, no obligation.