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Back-to-Back: Winner of the MBA Project Builder of the Year 🎉

All the FAQs in one spot 🤓

The frequently asked questions you want answered...

Renting vs Owning

  • What are the benefits of renting?
    1. More freedom and flexibility
      Whether you need to relocate somewhere new for a job, upsize into a larger property, or switch an inner-city apartment for a quieter home in the suburbs, renting offers you more flexibility to live the lifestyle you choose.

    2. Less stress financially
      Many young Australians might not have the money available to put on a home loan deposit, let alone the costs of maintenance and regular mortgage repayments. So renting can be more manageable for some people.
  • What are the downsides of renting?
    1. Rising rent
      As the property market and general economy are constantly changing, so too will the cost of rent as landlords continue to bump up the price.

    2. Less stability
      Renting generally doesn’t offer as much security as owning your own home. Whether it’s dealing with unreliable housemates or the landlord choosing to sell the property or move back in, renting can leave you in the lurch with little notice.

    3. Rent inspections and having to follow the landlords rules
      Do we need to say more?! Inspections may not be too much of a hassle but not being able to have a pet, or change the home to suit how you want to live might be a deal breaker.

    4. You are paying someone else’s mortgage
      The property will be your home, but it won’t be your asset. A mortgage is like forced savings. You have to pay your mortgage every month (or fortnight or week) - putting money towards an asset that is likely to increase over time. With renting, it can be tempting to spend spare cash rather than save or invest it. Check out our rent converter to find out just how much!
  • What are the benefits of buying?
    1. It is all yours
      Living in your own home means you can enjoy your personal space (and decorate how you want!) without the intrusion of other housemates or rental inspections.

    2. Stability
      Instead of being at the mercy of your landlord’s decision to renew or end your lease with them, you will always have a home to return to, as well as more stable expenses and loan payments you can consistently budget for.

    3. Your house is an investment
      Instead of putting money into your landlord’s pocket, you are investing in an asset – over time, the value of your home could increase and you could make a healthy profit if you choose to sell.

    4. You can build equity
      Equity is the amount of your home that you own (i.e. the difference between the current market value of your home and your remaining loan balance).

      As you pay off your loan, you’ll be building equity in your home, which can be used to invest in other assets such as a new home, car, or other personal goals you may have.
  • What are the downsides of buying?
    1. Initial expense can be higher
      Buying a home requires you to pay high upfront costs, as well as ongoing maintenance expenses and loan interest on top of regular mortgage payments.

    2. Reduced flexibility
      Instead of being able to move easily from place to place as a renter, your home is a long-term commitment.

Finance

  • Can I get a home loan with no savings ?

    Yes! There are a number of options available for home buyers who have little to no savings.

    Depending on the amount you need to borrow and your personal circumstances, you may be able to get a home loan through one of the below options:

    1. Applying for the First Home Owner Grant (WA)
    2. Using a guarantor for a home loan
    3. Applying for the First Home Loan Deposit Scheme (FHLDS)
    4. Using a monetary gift (also known as a “gifted deposit”)
    5. Applying for a Keystart loan

    A common choice for first home buyers is to use a guarantor – that is, another person who agrees to be legally responsible for paying back your home loan, in case you are unable to in the future.

    Typically, a family member or someone else that’s close to you, who satisfies certain requirements can act as your guarantor by using the equity in their own property as collateral for your home loan.

    A guarantor home loan can also be a way to avoid the cost of lenders mortgage insurance (LMI). It’s a saving that can be worth thousands of dollars.

    Speak to one of our finance experts who can work with you to determine the best option for your individual circumstances.

  • What is Keystart?

    Keystart is a WA government initiative designed to help people get into their own home faster by reducing entry costs. Keystart offers low deposit home loans with no lender's mortgage insurance. You don't need to be a first home buyer to apply for Keystart and you can easily refinance as soon as you're ready.

    To be eligible for a Keystart loan, you’ll need to meet the following requirements as a minimum:

    • be 18 years or older
    • be an Australian Citizen or Permanent Resident
    • be living in Western Australia and wanting to buy or build here
    • have an income within our maximum limits (check our other FAQ's)
    • not own another home or land at the time of settlement of your Keystart loan
    • plan to live in your home for the duration of your loan with Keystart
    • have enough funds available to cover all costs associated with the purchase, including your deposit, fees and any moving costs

    Before applying for a Keystart loan, we would recommend finding out if you qualify first.

    Easystart Homes has helped thousands of people just like you get approved for finance as well as building their new home.

    If you’d like to get started, find out if you qualify here.

  • How much income do I need to borrow for a mortgage?

    Your income is one of the first and most important criteria lenders will look at.

    Besides assessing your ability to afford loan repayments, lenders will also consider your employment security and any apparent future risks (for example, if you are self-employed).

    Generally, the more stable your monthly income is, the more likely it is that your application will be approved.

    Also, assets such as cars, properties, and even shares you’ve invested in are all proof to lenders that you can save money over time and can therefore make you more attractive as a borrower.

    When assessing your ability to repay your mortgage, lenders will look at any debts you have and the costs of maintaining your current lifestyle.

    Some of the most common debt types include:

    • Personal loans
    • Credit cards
    • Loans through AfterPay and other “Buy Now Pay Later” services
    • Any existing mortgages you may have
    • Portfolio loans, or loans that provide the funds you need to buy shares and other investments
    • Tax debt

    When it comes to living expenses, you’ll need to factor in everything from rent, groceries, and utility bills, to your day-to-day expenses when dining out, shopping, and putting fuel in the car.

  • What credit rating do I need for a home loan?

    Your credit score is a number that is calculated based on your credit report, which includes records on money you've borrowed, loans you've applied for, and whether you pay them back on time.

    Your credit score will be between zero to 1,000 or 1,200. The higher your score is, the more reliable you will look to lenders - a score of at least 670 and above is considered good.

  • How much should I save for a house deposit?

    For most lenders, the more money you have saved to put on a home loan deposit, the more you’ll be able to borrow. Most lenders require a deposit of at least 10 - 20% of the total home loan amount.

    At Easystart, we understand not all first home buyers may not have a large amount of savings available for a deposit. Learn more about our low deposit home loans here.

  • Are there options for me if I don't have a large deposit?

    There are a number of options available for home buyers who have little to no savings.

    Depending on the amount you need to borrow and your personal circumstances, you may be able to get a home loan through one of the below options:

    1. Applying for the First Home Owner Grant (WA)
    2. Using a guarantor for a home loan
    3. Applying for the First Home Loan Deposit Scheme (FHLDS)
    4. Using a monetary gift (also known as a “gifted deposit”)
    5. Applying for a Keystart loan

First Home Owners Grant

  • What is the First Home Owners Grand (FHOG)?

    The first home owner grant (FHOG) is a one-off $10,000 payment from the WA Government to aid first home buyers in buying or building their first home. The FHOG is a genuine grant. It doesn't incur interest and you never have to pay it back.

    Also, those who can get the grant don't pay stamp duty on any home purchased up to the value of $430,000. 

    Homes between the sale value of $430,001 and $530,000 receive concessions (reduced stamp duty).

  • Who is eligible for the FHOG?

    To be eligible for the FHOG you will need to meet the following requirements:

    • You're an Australian Citizen
    • Are 18 years or over
    • Have not received a FHOG grant from another state or territory in Australia
    • Have never owned another residential property in Australia
    • You occupy the home as your principal place of residence for a continuous period of at least six months, within 12 months of receiving the FHOG
  • Do I have to pay the FHOG back?

    No! The FHOG is a genuine grant. It doesn't incur interest and you never have to pay it back.

  • How much can I spend with FHOG?

    If you're buying an off-the-plan home or building a new home in Perth, the maximum you can spend is $750,000.

  • Does the FHOG apply for House and Land packages?

    Yup. Those looking to purchase a house and land package as their first home can rest easy knowing that the FHOG applies to house and land packages in Perth as well.

  • How do I apply?

    You can apply for the FHOG yourself directly through State Revenue, but most people choose to apply for the grant through an approved agent.

    Easystart Homes is an FHOG-approved builder. This means we can help you apply and assist with the paperwork. Having someone with experience to help with your application moves things along quicker … and relieves you from all that form-filling stress! The hardest part will be deciding what to do with your new-found free time.

House & Land

  • What is a house & land package?

    A "house and land package" is the combination of a new home and a block of land that the home will be built on. It is referred to as a package as the house & land come ‘packaged’ together, the price shown is for both house and land combined.

    Easystart provides many house and land packages that are already pre-built, meaning that you don’t have to go to the trouble of finding land & a matching home design separately.

    If you can’t find the perfect package, then let our team of house and land specialists tailor the perfect package for you, all you need to do is get in touch and tell us exactly what you’re looking for.

  • Why should I choose a house & land package?

    Finding your ideal block of land can be difficult. And when you find the right block, there may be restrictions on the land dictating what types of homes can be built there.

    Easystart Homes does the hard work for you, choosing one of our packages means that you don’t have to worry about any restrictions or specific building requirements.

  • How do I buy a package?

    You can browse our house and land packages using the filters - filter by region, price, lot width and bedrooms, allowing you to find a package that suits your needs.

    Once you have found a house and land package and would like to know more, you can enquire about that package using the enquiry form on the page. Following that, a friendly new homes consultant will get in touch to provide you with more information.

    Also, you can get started with just a $2000 deposit. We’ve got loads of low deposit options available that make owning your own home that much easier.

    Our finance experts can take a look at your individual situation and figure out if you qualify and what option is best for you.

  • Do I pay stamp duty on a House and Land package?

    If you’re buying your first home up to $430,000 or vacant land up to the value of $300,000 in Western Australia, you won’t pay stamp duty. #winning

Easystart & You

  • How do you build your homes?

    At Easystart Homes, we’re big on choice. We offer you the latest building methods going around. This means you can choose the method that’s right for you, your home, and your block.

    You’ll also be pleased to know that our building methods are of the highest energy efficiency rating, meaning your home is naturally comfortable all year round. In fact, the Summit Homes Group homes use 15% less energy compared to the national average. We think that’s pretty impressive!

    Our three building methods include BrickHybrid, Steel Framed and Double Brick.

    BrickHybrid

    a.k.a Brick veneer
    This method of building is a relatively new. An epic combination of brickwork (on the outside) and steel frames made from TRUECORE® steel (on the inside). With plasterboard and insulation added to the mix, the BrickHybrid method provides great energy efficiencies, keeping you warmer in the winter and cooler in WA's sweltering summers. Another plus to BrickHybrid is that it offers the best results of all the building methods in regards to sound-proofing. In the current market, this method is both time and cost-effective.

    Steel Framed

    This method of construction has been utilised for decades in rural and remote parts of WA, and over in the East Coast. We think its time we caught up so we use only the best steel trusses and wall frames made from TRUECORE® steel, combined with Primeline cladding, plasterboard and insulation. This method is second to BrickHybrid in terms of thermal performance and we think a silver medal 'aint so bad!

    Double Brick

    This method is the most traditional building method in WA. Double brick (or brick cavity) homes offer fairly decent acoustic properties, meaning you'll enjoy a reduction in noise pollution (sounds, singing, blender, beats etc.) However, brick’s thermal qualities aren’t as quite good as our BrickHybrid or Steel Framed methods. Due to innovation in steel construction, the industry is slowly saying goodbye to Grandfather double brick. 

  • Do you have a showroom?

    The Style Studio by Summit is 800sqm of all the good stuff that makes building your own home exciting.

    The Studio has been carefully designed to make the home building process easier. We have everything in one place so you can see and feel everything from external bricks, carpet to door handles, and tapware.

    Not to mention, the Style Studio was awarded the winner of Excellence in Showrooms by HIA WA in 2018, 2019, and 2020. 🏆

    You can stop by any time to walk in and take a look around. Or if you want a tour, book an appointment here.

  • Is Easystart part of the Summit Homes Group?

    You bet! Easystart Homes is powered by the Summit Homes Group with over 40 years of award-winning experience, including the HIA professional major builder of the year & the Project builder of the year 2021 by the MBA - so you're in safe hands.

    Being apart of Summit Homes Group, we share capabilities and efficiencies across construction and design. When you choose Easystart Homes, you'll benefit from decades of experience, and the epic construction quality and innovation of the Group.

  • How can we keep track of the building process?

    We’re dedicated to delivering not only an outstanding product, but also an outstanding experience, which is why we developed the @Home Customer Portal.

    This tool becomes your go-to throughout the building process. The system manages pre-start selections for the home; holds documentation like contracts and plans; and then once we reach construction this is where you can keep an eye on the progress.

    Learn more on why you should build with Easystart here.

  • How do you make building easy?

    One of the ways we make your journey to home ownership easier is through our strength of the Summit Homes Group. Backbone Steel, Crest roofing, Peak Ceilings and Prime Plumbing are all part of the group, and Easystart clients benefit from efficiencies created by it all being under one roof.

    Summit Homes Group also has an in-house finance brokerage, Westgate Financial Services, and settlement agent to assist clients through the process.

    Working together, we can create efficiencies and streamline the process for you - we are all about making your experience easier!

Got a question?

We are happy to help!