Buying Your First Home Should Feel Exciting, Not Confusing.
First Home Buyer Mortgage Broker for Nepali Australians
Shudarshan (Prince) Upreti helps first home buyers understand borrowing capacity, deposits, lender requirements, pre-approval, government home buyer initiatives and the mortgage process from your first conversation through to settlement.
Your First Mortgage Starts Before You Find a Property.
One of the most useful things you can do as a first home buyer is understand your financial position before you start making offers.
Knowing how much a lender may allow you to borrow can help define a realistic property search range. It can also help you understand how much deposit you may need, what repayments could look like and what costs need to be considered outside the purchase price.
Every lender assesses borrowers differently. Income type, existing liabilities, credit limits, living expenses, dependants, deposit size and employment history can all influence a lending decision.
Shudarshan helps first home buyers organise these pieces into a clearer picture before moving toward a loan application.
A Clearer Way for Nepali Australians to Understand Home Finance.
Buying property in Australia can introduce unfamiliar language, lending rules and documentation requirements. This can be particularly challenging when you are buying your first property or are unfamiliar with the Australian mortgage system.
Shudarshan has a strong focus on helping Nepali Australians understand the lending process in practical terms — from your initial borrowing position through to pre-approval, property purchase and settlement.
How much could I potentially borrow?
How much deposit should I prepare?
What documents will a lender ask for?
Should I get pre-approved before house hunting?
What first home buyer assistance might apply?
From “Can I Buy?” to Getting the Keys.
The exact journey is different for every buyer, but understanding the main finance stages can make the process easier to navigate.
Understand Your Position
Review your income, employment, savings, existing debts, expenses and overall financial circumstances.
Work Through Your Deposit
Understand available savings, potential deposit requirements and other purchase costs that may need to be budgeted.
Consider Pre-Approval
Where appropriate, prepare a loan application so a lender can assess your financial position before you make a property offer.
Find Your Property
Search within an appropriate price range while considering your finance conditions and relevant property requirements.
Formal Loan Approval
The lender completes its assessment, including any relevant property valuation and outstanding loan conditions.
Settlement & Keys
Once settlement is completed, ownership transfers and your first home journey moves into its next chapter.
How Much Deposit Do You Need?
There is no single deposit amount that is right for every first home buyer. Your required contribution can depend on the lender, loan-to-value ratio, property, government programs and your overall circumstances.
A larger deposit can reduce the amount you need to borrow, but eligible buyers may have pathways that allow them to purchase with a smaller deposit.
Discuss Your DepositThe amount of money you contribute toward the purchase from your own available funds.
An indication of how much a lender may be prepared to lend based on its assessment criteria.
Legal costs, inspections, government charges and other purchase expenses should also be considered.
Eligible first home buyers may be able to purchase with a minimum 5% deposit through the Australian Government's 5% Deposit Scheme, subject to scheme and lender eligibility.
Government Initiatives May Help Eligible Buyers.
First home buyer programs have different eligibility requirements and can change over time. Your eligibility should be checked against the current official program rules.
5% Deposit Scheme
The Australian Government expanded its home guarantee arrangements from 1 October 2025. Under the General Stream, eligible first home buyers and certain buyers who have not owned Australian property in the previous 10 years may be able to purchase with a deposit of at least 5%, subject to lender and scheme criteria.
- Minimum 5% deposit for the General Stream
- Participating lender required
- Property price limits apply
- Lender credit assessment still applies
First Home Owner Grant
Eligible South Australian first home buyers may receive a grant of up to $15,000 when purchasing or building an eligible new residential home.
Check RevenueSAStamp Duty Relief
Eligible first home buyers in South Australia may receive stamp duty relief when purchasing an eligible new home, off-the-plan apartment, house and land package or vacant land on which they intend to build their principal place of residence.
Should You Get Pre-Approved Before House Hunting?
A pre-approval can provide an indication of how much a lender may be willing to lend based on the information available at that time.
It may help you shop within a more realistic property range, but a pre-approval is not the same as unconditional loan approval. Conditions can still apply and the property itself may need to satisfy lender requirements.
Discuss Pre-ApprovalDocuments confirming your identity.
Payslips or other relevant evidence of your income.
Statements showing available savings and deposit funds.
Home loans, personal loans, car loans and credit facilities.
Information about regular household expenditure.
Your First Home Loan Doesn't Have to Start With Just One Bank.
Different lenders may assess the same first home buyer differently. Their borrowing calculations, employment policies, deposit rules, lending features and credit criteria can vary.
Through Capital Connections Finance, Shudarshan can consider suitable options across a network of more than 40 lenders based on your circumstances.
Buying Your First Home in Adelaide?
Shudarshan is based in Hampstead Gardens and supports first home buyers throughout metropolitan Adelaide, including buyers in Adelaide's north, north-east, east, west and southern suburbs.
If you're a Nepali first home buyer in Adelaide, you can discuss your borrowing position, deposit, pre-approval, eligible first home buyer support and suitable mortgage options directly with Shudarshan.
Before You Make Your First Property Offer.
Good preparation can reduce unnecessary surprises during the home loan and property purchase process.
Shopping Before Knowing Your Budget
Understanding your potential borrowing position first can help keep your property search realistic.
Using Every Dollar for the Deposit
Remember that buying property can involve additional purchase, legal, inspection and moving costs.
Opening New Credit Before Applying
New credit facilities or increased debts can affect a lender's assessment of your borrowing position.
Assuming Every Bank Is the Same
Lender assessment policies can differ, which is why comparing appropriate options may be important.
First Home Buyer Questions Answered.
Some of the most common mortgage and finance questions Shudarshan discusses with first home buyers.
Ask ShudarshanHow much can I borrow as a first home buyer?
Borrowing capacity depends on factors such as your income, employment, living expenses, existing debts, credit limits, dependants, loan term and the lender's assessment criteria. Different lenders may calculate borrowing capacity differently.
How much deposit do I need for my first home?
Deposit requirements vary depending on the lender, property, loan-to-value ratio and whether you qualify for an eligible government initiative. Eligible buyers may be able to use the Australian Government's 5% Deposit Scheme, subject to current scheme and lender requirements.
What is the Australian Government 5% Deposit Scheme?
The General Stream of the Australian Government's expanded 5% Deposit Scheme can support eligible first home buyers and certain previous homeowners to purchase an eligible property with a deposit of at least 5%. Property limits and lender eligibility requirements apply.
Can first home buyers receive a grant in South Australia?
Eligible South Australian first home buyers may qualify for a First Home Owner Grant of up to $15,000 when purchasing or building an eligible new residential property. RevenueSA eligibility and residence requirements apply.
Is there stamp duty relief for first home buyers in Adelaide?
Eligible South Australian first home buyers may qualify for stamp duty relief when purchasing an eligible new home or vacant land on which they intend to build their principal residence. Eligibility requirements apply and should be checked with RevenueSA.
Should I get home loan pre-approval before making an offer?
Pre-approval may help provide an indication of your potential finance position before making an offer. It remains conditional and does not guarantee final approval, which can depend on your circumstances, the property and lender requirements.
Does Shudarshan help Nepali first home buyers?
Yes. Shudarshan has a strong focus on helping Nepali Australians understand borrowing capacity, deposits, lender requirements, mortgage terminology and the first home buying process.
Can I work with Shudarshan if I am outside Adelaide?
Yes. Shudarshan is based in Adelaide and supports eligible borrowers across Australia through phone and online appointments.
What costs should I consider besides my deposit?
Depending on the transaction, other costs may include conveyancing, building and pest inspections, government charges, lender costs, insurance, moving expenses and other property purchase costs.
Before You Search for the Perfect Home, Understand Your Finance Position.
Talk with Shudarshan about your income, savings, deposit and goals and understand the next steps toward buying your first home.