There are several ways that your family members – your parents, typically – can help you towards home ownership. In fact, according to the National Australia Bank (NAB), more adults are using these methods nowadays. In the 2015 financial year, the NAB noted that most of the first home buyers were aged 20 to 29 (73%) and aged 30 to 39 (21%). There are even some in their teens and, on the other end of the spectrum, in their 40s.

The NAB Family Guarantee allows you to buy your first home with your family member as a guarantor, using their home equity as the security for your loan. Lender's Mortgage Insurance may not be needed anymore, which can help make things more affordable for you. You can also select from the various NAB-branded products to find a home loan that suits your situation best.

If you’re in the market for your very first home, you may be searching high and low around Perth for the one property that suits your needs. However, what if that hunt has produced no potential hits? A viable option would be to seek out credible Perth home builders instead, as one of their greatest strengths is to have an array of pre-drafted house designs for you to choose from. Even then, there are still some important points to keep in mind:

There are a lot of misconceptions (a.k.a. myths) that home buyers, especially first-timers, encounter during the process of their real estate purchase. Here are some of the most common ones debunked.

Myth #1: You need perfect credit to purchase a home – Not entirely true. While an individual’s credit score definitely has an impact on the mortgage loan approval process and the subsequent interest rate, a perfect credit is not a requirement to secure approval for a mortgage loan. You don’t need a flawless, clean slate. The higher your credit score, certainly, the more options you’ll have to find a mortgage with good interest rates.