Enter your basics — we estimate a realistic first-home budget (including the 5%-deposit First Home Guarantee and Victorian stamp-duty savings), then suggest 2–3 Melbourne suburbs where that budget actually buys something.
These are generic estimates from public medians. The real questions — what will a lender actually approve, which grant applies to you, what should you offer — take a proper assessment. Steven runs your numbers line-by-line across 11 banks within 48 hours, in English or Chinese.
Book a free 30-min chat → First Home Compass — guided 4-session program No obligation. General information only — not a credit offer or pre-approval.We estimate borrowing power using the same conservative engine as our Borrowing Power Calculator (indicative tax & living-expense assumptions, assessment rate = 6.5% + 3% buffer, 30-year term; self-employed and casual income are treated more conservatively). Your budget is then the better of two paths: the First Home Guarantee (5% deposit, no LMI, Melbourne price cap A$950,000, income caps removed — checked July 2026) or a standard 20%-deposit purchase. Victorian first-home stamp duty (exempt to $600k, concession to $750k) and ~$2,500 costs are included. Suburb price bands are indicative medians from public market data (last refreshed ); they move — always check current listings. Suggestions are generated by matching your budget to those bands plus community/transport/school-zone tags; they are general suggestions, not property or credit advice.
This tool provides general information only and is not personal credit advice or a recommendation to purchase property in any particular location. It does not take into account your objectives, financial situation or needs. Budget figures are indicative estimates based on simplified assumptions and do not represent a loan offer, pre-approval, or any lender's actual assessment. Government scheme eligibility (First Home Guarantee, stamp-duty concessions, First Home Owner Grant) is subject to criteria set by the relevant authorities and can change — always confirm current settings on official websites. Property price bands are indicative and dated; actual prices vary by street, condition and market movement. Consider whether this information is appropriate for you and seek independent advice before making decisions.
Credit assistance is provided by Steven Shangguan (Credit Representative Number 560624), an authorised credit representative of Finsure Finance & Insurance Pty Ltd (Australian Credit Licence 384704).