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Car Loans and Finance, find out how we can help you

Take action and talk to us today on 07 5657 3678

About Us

At FIA, our goal is to help hard working people acquire their dreams by developing tailored plans to help pay off debt sooner; securing a comfortable lifestyle and to build wealth

Services

We offer a unique range of services and financial products including home loans, superannuation, self managed super funds, insurance and financial advice.

Contact Us

Suite 1, Level 1,

15 Victoria Avenue

Broadbeach QLD 4218
07 5657 3678
Fax (07) 5518 7626

[email protected]

About Us

At FIA, our goal is to help hard working people acquire their dreams by developing tailored plans to help pay off debt sooner; securing a comfortable lifestyle and to build wealth

Services

We offer a unique range of services and financial products including Home Loans, Personal Loans, Car finance, Equipment Finance and we also align with NewWave Advise for Superannuation, Insurance and Financial Advice.

Contact Us

[email protected]
Level 1, Suite 1/15 Victoria Ave

Broadbeach QLD 4218
(07) 5657 3678
Fax (07) 5518 7626

We are here to help you with all your big financial decisions. 

Throughout every stage of your life. How you use your income and available credit can make a huge difference to your lifestyle, so it’s very important to get it right.


1. Deal with one person who understands you.

We take the time to understand your personal financial situation and your financial goals for the future and help you work toward them over time.

2. Maximise your income and available credit.

We have the knowledge to help you make realistic plans to use your income and borrowing power wisely to support your lifestyle in the future. We’ll even work together with your financial planner or accountant.

3. Support to achieve financial independence.

Our goal is to help you to achieve financial independence. We’ll even alert you when an opportunity arises to save money. We don’t sell you things you don’t need (like a bank might do).

4. Manage your loans and stay on top of your financial situation.

As you progress through the different stages of your life, your financial situation will change. We can help protect your interests and manage your debts. We are in it for the long-term.

First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme is a new initiative of the Australian Government to support eligible first home buyers purchase a home sooner.

It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent.

The federal government’s First Home Loan Deposit Scheme will guarantee mortgages for First Home Buyers who have only saved a 5% deposit, effectively helping them buy sooner without having to pay lenders mortgage insurance.

• If you have saved 5% of the purchase price of your property the government will guarantee the remaining 15% of the deposit.

• You still need to borrow 95%, but you can avoid Lenders Mortgage Insurance (LMI)

• Eligible first home buyers can’t be earning more than $125,000 a year ($200,000 combined for couples).

• Your mortgage needs to be an owner-occupied loan with principal and interest repayments.

• Access to the scheme is limited to the first 10,000 borrowers nationally (that’s only 9% of the current FHB market).

• The scheme is anticipated to start on 1st January 2020. NO formal details yet..

Application process

Please note applications for the Scheme are not yet open. Further information regarding the application process will be provided shortly.

NHFIC is currently conducting a procurement process to establish a panel of residential mortgage lenders to participate in the Scheme.

Borrower applications and questions will need to be directed to approved panel lenders.

Only certain lenders will have access to and be able to approve the scheme, we are yet to have all details on which lenders at this stage

Eligibility criteria

Applicants under the Scheme will be subject to eligibility criteria, including criteria in relation to income thresholds and property prices.

The income thresholds will be up to $125,000 per annum for singles and up to $200,000 per annum combined for couples (assessed in the financial year preceding the financial year in which the loan is entered into).

The Scheme will apply to owner-occupied loans on a principal and interest basis.

Further detail about the core design elements of the Scheme, including borrower, lender and loan eligibility criteria can be found in the Investment Mandate for the Scheme. This is the mechanism through which the Government details its expectations of the National Housing Finance and Investment Corporation (NHFIC) and the NHFIC Board.

You can download a fact sheet about the Scheme here:

First Home Loan Deposit Scheme – Fact Sheet

An online, interactive eligibility checklist will be available on this website shortly.

Property price thresholds

To ensure the Scheme is only available for the purchase of a modest home, or the purchase of land and construction of a modest home, the following property price thresholds (maximum property purchase price under the Scheme) will apply in capital cities, large regional centres and regional areas:

State/
territory
Capital city and regional centres Rest of state
NSW $700,000 $450,000
VIC $600,000 $375,000
QLD $475,000 $400,000
WA $400,000 $300,000
SA $400,000 $250,000
TAS $400,000 $300,000
ACT $500,000
NT $375,000

The capital city price caps will apply to large regional centres with a population over 250,000 (the Gold Coast, Newcastle and Lake Macquarie, the Sunshine Coast, Illawarra (Wollongong) and Geelong), recognising that dwellings in large regional centres tend to be significantly more expensive than other regional areas.

Contact Us

If you have any questions
please call 07 5657 3678

Fax: 07 5518 7626

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Finance Industries Australia Pty Ltd as Trustee Fastdreams Trust ABN: 31 817 124 438 Credit Representative 382599 is authorised under Australian Credit License 390222

Your full financial situation should need to be reviewed prior to acceptance of any offer or product.

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