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Home Loans

Home loans for life’s next chapter

Whether you’re buying your first home, upgrading, downsizing or refinancing, we’ll help you make confident decisions, structure your lending properly and choose a loan that supports your goals, both now and into the future.

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Scott, founder of koala financial
Rated 5.0 on Google🏦 Lenders compared for your situation🏠 First home, next home & refinancing🇦🇺 Australia-wide
What we offer

Home loans for every stage

While koala financial specialises in helping first-time property investors, we also help clients with first home purchases, upgrading and refinancing.

Why koala financial

Guidance that goes beyond the interest rate

We help you understand the options, explain the trade-offs and recommend a loan that suits your circumstances.

Understand your borrowing power before you start looking
Compare lenders that suit your circumstances
Clear guidance without the jargon
Support from pre-approval through to settlement
Ongoing reviews as your needs change
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Not sure where to start?

Home loan questions, answered

The quick versions. You’ll find the full lists on the first home, next home and refinance pages.

How much deposit do I need for my first home?

Most lenders want 5–20% of the purchase price plus costs. With the Australian Government 5% Deposit Scheme, eligible buyers can purchase with just 5% without paying Lender’s Mortgage Insurance (LMI); a family guarantor can reduce the cash needed even further.

Can I use my current home’s equity as the deposit?

Yes. If your current home has grown in value, you may be able to access that equity to use as a deposit, potentially without needing additional cash savings.

How much could I save by refinancing?

It depends on your loan size and current rate. On a $700,000 loan, a 0.5% rate reduction saves around $3,500 per year, or $17,500 over 5 years. We calculate your specific savings upfront.

What does using a broker cost me?

Nothing for standard residential lending. We’re paid a commission by the lender you end up with, disclosed in writing. You get scheme eligibility checks, lender comparison and end-to-end application management without a fee.

Last updated: July 2026

This page is general information only. It doesn't take into account your objectives, financial situation or needs, and it isn't credit, financial or tax advice. Figures are indicative estimates that vary by lender, state and property and can change, so we confirm your real numbers before you act. For tax questions, speak to a registered tax agent or accountant. Scott Lung, credit representative 567904 of Purple Circle Financial Services Pty Ltd (Australian Credit Licence 486112).

Let’s work out your next move

Whether you’re buying, moving or refinancing, we’ll help you understand your options and choose a loan that fits your goals.