Looking to start your first home journey?
Before you make any decisions, talk to our Woodsong First Home Buyer Specialists. We’ll connect you with trusted finance brokers and builders, explain every step clearly, and make sure you’re fully ready to secure your future. It’s the smartest first move you can make.
- Start smart with the Woodsong First Home Buyer Specialists
- Meet with your dedicated Woodsong First Home Buyer Specialist.
- Map your savings, budget, timeline, and available government grants (like FHOG or Stamp Duty concessions).
- Get introduced to trusted mortgage brokers and builders, both experts in first-home buyer journeys.
- Understand the full buying and building journey before you begin.
2. Arrange Your Finance
- Work with a first-home-focused mortgage broker
- Apply for loan pre-approval based on your full land and build budget.
- Plan ahead for construction loans, staged repayments.
3. Save Your Deposit
- Save your minimum 5% deposit (around $37,500 for a $750,000 package).
- Set up a savings account dedicated to your first home.
4. Secure Your Land
- Choose your ideal block at Woodsong.
- Pay your land deposit to secure your block.
- Engage a conveyancer to review your land contract.
- Prepare for land settlement (typically within 30–90 days).
5. Choose Your Home Design
- Explore builder designs that suit your lifestyle, block size, and budget.
- Select key inclusions and upgrades — we’ll help you prioritise what matters most.
- Finalise your design and floor plan to get accurate pricing for your build contract with your builder.
- Looking for something simpler? Woodsong also offers turnkey first home buyer packages from Metricon on selected lots — with complete homes from $743,760.
6. Land Ownership Stage
- Settle on your land.
- Start paying land-only mortgage repayments
- Continue saving while builder contracts and approvals are finalised.
- Pay your builder’s deposit, typically 5%, once you’re ready to commence the build.
6. Build in Stages (with Staged Repayments)
When you build a home in Victoria, your payments are split into stages. You only pay as each part of the build is finished. Here’s how it usually breaks down.
- Deposit – 5%
- Base (Slab) Stage – 10%
- Frame Stage – 15%
- Lock-Up Stage – 35%
- Fixing Stage – 25%
- Completion (or Practical Completion) Stage – 10%
7. Final Steps
- Conduct your Practical Completion Inspection.
- Receive your Certificate of Occupancy.
- Settle your construction loan in full.
- Collect your keys. YAY, your Woodsong home is ready.
8. Move In and Grow
- Move into your home and meet any grant conditions (such as living there for 12 continuous months if required).
- Set up your home and contents insurance.
- Explore your new Woodsong community, parks, schools, shops, and green spaces.
Key Tips
- Saving a little extra (even $5,000–$10,000 beyond your 5% deposit) can help cover moving costs, furniture, and initial setup expenses.
- Living rent-free while building allows you to strengthen your savings buffer during construction.
- Stage-by-stage building means repayments stay lower for longer, giving you financial breathing room.
- Your Woodsong First Home Buyer Specialist is available through every step to ensure a clear, stress-free experience.