Supporting first home buyer applications

Your customer/s are considered a first home buyer if they satisfy all of the below:

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

For first home buyers, on the Applicants tab in ApplyOnline you'll need to select if your customer is a first home buyer.

Select Yes on the Applicant tab in ApplyOnline. 

This is required, regardless of whether your customer qualifies for a First Home Owner Grant (FHOG) or any other first home buyer scheme.

The First Home Owner Grant (FHOG) is a one-off grant, to assist potential first home owners purchasing their first property. The eligibility for the grant can differ by State. Refer to the relevant State Government website to understand more.

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

If your customer meets the relevant State’s FHOG criteria, you’ll need to:

• submit an application via ApplyOnline with all required documents
• email the FHOG form separately to brokersupport@macquarie.com.  

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, you’ll need to include a Vendor Statement and either the Form 11 Certificate of Occupation or Form 21 Final Inspection Certificate. The forms can be located on the Queensland Government Building Forms website.

It will depend on whether the FHOG funds are a condition to settlement. 

• If they’re a settlement condition, the settlement won’t be able to proceed until satisfied, or
• If they aren’t a settlement condition, the settlement can proceed, and your customer can nominate any account they’d like the funds to be deposited to.