Helping Ben Buy His First Home as a FIFO Worker

FIFO Worker

Perth, WA

The Challenge

Ben is a FIFO worker on a strong income, saving hard for the last six months… but no matter how much he put away, the market kept moving faster than he could catch it. Six months ago, the homes he was looking at were around $850,000. Today, those same homes are closer to $900,000. As a first-home buyer, he also fell outside the threshold for stamp duty exemptions. That meant to avoid Lenders Mortgage Insurance, he would have needed around $222,500 upfront — $180,000 deposit, $37,465 in stamp duty, plus fees. For one person to save, it felt impossible.

Our Approach

When Ben came to me, we didn’t just look at his savings. I sat down with him and his parents. They own their home outright and have an investment property with only a small loan against it. Together, we created a smarter strategy:

✨ We used his parents’ investment property as guarantor security.
✨ Ben was able to borrow the full purchase price, plus stamp duty and fees.
✨ The money he’d already saved stayed in the bank for furniture, renovations, and a safety buffer.

The Outcome

And here’s the best part: in 6–12 months, when his property grows in value, we’ll revalue it. At that point, Ben will have enough equity to stand on his own two feet, and his parents can be released as guarantors.

I’ve done this strategy time and time again in Perth. In fact, clients I helped just 12 months ago are already in a position to release their parents because of the market’s growth.

Without this structure, Ben would still be saving while prices ran away from him. With it, he’s securing his future today.

This is the difference the right strategy makes.

Key Metrics

Loan Type:

First Home Loan

Approval Time:

14 Days

Savings:

$15,000

Lender:

Regional Bank

Croft Money made what felt impossible, possible. They showed me a smarter way to buy my first home without waiting years. I’m finally a homeowner, and I couldn’t have done it without them.