04/06/2026
If youโve been looking at properties around the Benalla area or wondering how a 95% LVR loan works in real life, here are the raw, unfiltered numbers for 46A Goomalibee Street:
๐THE COSTS:
โข Purchase Price: $535,000.00
โข Transfer Fees: $1,364.00
โข Conveyancing/Legal Fees: $1,500.00
โข Mortgage Registration: $135.80
โข Lender Upfront Fees: $500.00
โข Other Misc Fees: $1,000.00
โข Total Needed: $539,499.80
(Because the purchase price is under $600k for a Victorian first home buyer, the stamp duty drops completely to zero).
๐ฆTHE FINANCING:
โข Cash Deposit Saved: $33,000.00
โข Loan Amount: $508,250.00 (95% LVR)
โข Lender/Product: MyState FHG Basic Variable
โข Interest Rate: 6.09% p.a.
โข Loan Term: 30 Years (Principal & Interest)
โข Monthly Repayments: $3,076.69
๐THE SURPLUS BUFFER:
Total Funds Available ($541,250) minus Total Funds Required ($539,499.80) leaves a final surplus of exactly $1,750.20.
A massive shoutout to Matthew Teasdale at ๐๐จ๐๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐จ๐ for pulling this together!๐
Leveraging the federal government's First Home Guarantee (FHG) scheme meant not having to wait years longer to save a massive 20% deposit, and completely avoiding getting hit with brutal Lenders Mortgage Insurance (LMI). Matt cross-referenced over 60 lenders to find the exact policy to get this over the line with just a $33k deposit.๐๐ก
Ready to stop renting and buy your first place in Euroa, Benalla, or across the Goulburn Valley? Reach out to Matt and the team!
๐ฑ Call Matthew: 0448 517 831
โ๏ธ Email: [email protected]
๐ Office: 65 Binney St, Euroa VIC 3666
๐ Web: broker.loanmarket.com.au/euroa
Drop any questions about buying your first home, using the FHG scheme, or navigating regional real estate below!