Could Your Next Move Be Into Your Own Home?

Guest insights from Super Mover partner Kredi

At Super Mover, we know moving home often comes with major life decisions — and for many Australians, one of those decisions is whether renting is still the right long-term option.

As part of our new partnership with Kredi, we’re excited to collaborate with a team focused on helping Australians better understand their finance and home ownership options.

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This week, the Kredi team shares some insights for renters wondering whether their next move could actually be into a home of their own.

For many renters, buying a first home can feel out of reach.

The deposit feels too large. The process feels confusing. Property prices can feel like they are moving faster than your savings.

But recent government changes and existing first home buyer support may mean it is worth taking a fresh look at what could be possible.

If you are currently renting, your next move does not automatically have to be into another rental. With the right planning, it may be the beginning of your pathway into your own home.

What has changed?

Recent Federal Budget announcements have focused on improving housing affordability and helping more first home buyers enter the market.

One of the major changes announced relates to property investors, with adjustments proposed around negative gearing and capital gains tax rules for future investors, particularly on established properties.

In simple terms, this may reduce some investor competition for existing homes while encouraging more investment into newly built properties.

For first home buyers, this could create new opportunities.

It does not mean property suddenly becomes cheap, or that every renter is immediately ready to buy. But it does mean now is a good time to better understand your options — especially if you have been renting for a while and wondering whether home ownership could be achievable sooner than expected.

You may not need a 20% deposit

One of the biggest myths around buying a first home is that you need a full 20% deposit before you can even begin.

That is not always the case.

The Australian Government 5% Deposit Scheme allows eligible first home buyers to purchase a property with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI).

For many buyers, this can make a significant difference.

Rather than spending years trying to save a full 20% deposit, some buyers may be able to enter the market sooner — provided they can comfortably afford repayments and meet lender requirements.

Additional government support may also be available

Depending on where you purchase, there may also be additional government support available.

For example, in NSW, eligible first home buyers may receive a full or partial exemption from transfer duty (stamp duty) through the First Home Buyers Assistance Scheme.

There may also be grants available for newly built homes.

These incentives can help reduce upfront costs and potentially make buying achievable sooner than expected.

Because every state has different eligibility requirements, price caps and conditions, it is important to understand what may apply to your individual circumstances before ruling yourself in or out.

What if you do not have a deposit yet?

Some first home buyers may also be able to explore a guarantor loan.

A guarantor loan generally involves a parent or close family member using equity in their own property to help support part of your loan. In some situations, this may allow buyers to purchase sooner and potentially avoid paying Lenders Mortgage Insurance.

This option is not suitable for everyone and should always be structured carefully, as the guarantor is taking on financial responsibility as part of the arrangement.

But for the right family situation, it can sometimes provide a pathway into the market sooner while still having a long-term plan to release the guarantor later.

Before buying, start with your numbers

Many first home buyers begin by searching for homes online.

That is understandable — it is the exciting part.

But before attending inspections or making offers, it helps to first understand your financial position.

That includes:

• how much you may be able to borrow
• how much deposit you may actually need
• what grants or schemes you may qualify for
• what repayments could look like
• what additional costs you should prepare for
• whether buying now makes sense, or whether spending a few more months preparing could place you in a stronger position

This is where budgeting and planning become incredibly important.

A simple pathway for renters

If you are renting and wondering whether buying could eventually become an option, the process can be simpler than you think.

Start with your budget.

Understand what you earn, what you spend and what you can realistically save.

Then review your borrowing power to better understand what a lender may be comfortable with.

From there, you can explore what grants or support schemes may apply and begin building a realistic plan based on your situation.

For some people, that plan may be buying sooner than expected.

For others, it may involve reducing debt, saving for another six months, exploring a guarantor option or adjusting expectations around suburb or property type.

The goal is not to rush into buying.

The goal is to clearly understand your position so you can make confident and informed decisions.

How Kredi and Super Mover can help

Through the Super Mover and Kredi partnership, customers can access support across both the moving and finance journey — from organising utilities and moving services through to understanding borrowing options and preparing for home ownership.

At Kredi, the team helps first home buyers better understand their options before they begin the buying process. This includes reviewing borrowing capacity, explaining available government schemes, comparing lender options and helping customers understand what repayments may realistically look like.

And sometimes, the best outcome is not buying immediately.

Sometimes the best outcome is simply having a clear plan and understanding what steps to take next.

If you are currently renting and wondering whether buying your first home could be possible, now may be the perfect time to start exploring your options.