Buying your first family home in North Shore Sydney? You’re not alone - and you’re certainly not without options. Whether you’re navigating through low deposit schemes or looking for government support, this guide to home loans for young families North Shore will walk you through the best choices in 2026.

We’ve tailored this for young couples or families looking to settle in one of Sydney’s most liveable and family-friendly areas. From local loan trends to current property stats and key first homebuyer incentives, everything you need is right here.

Let’s dive in and make that dream home a reality.

1. Why North Shore Sydney is a Top Pick for Young Families

North Shore Sydney offers the ideal mix of leafy suburbs, strong schools, and community vibes.

According to the NSW Department of Planning and Environment, North Shore suburbs like Wahroonga, Pymble, and Lane Cove have experienced steady growth in family-oriented housing developments.

Top reasons families love it here on the North Shore:

• Access to some of Sydney’s top public and private schools
• Green spaces like Lane Cove National Park
• Reliable transport with multiple train lines and buses
• Close-knit community and low crime rates
  
  
  

2. What’s the Average Home Price in North Shore in 2025?

Knowing what you're up against is key. As of October 2025, data from SQM Research shows the median house price in the Upper North Shore is hovering around $2.3 million, while the Lower North Shore averages closer to $2.8 million. Yes, prices are high - but there are still pockets of opportunity in suburbs like Hornsby and Turramurra, where pricing is slightly more manageable for young families.

3. What Are the Best Home Loan Options in 2025?

When it comes to home loans for young families North Shore Sydney, we help you find the right structure that suits your family’s financial goals and lifestyle.

The following options are top of the list:

• First Home Guarantee Scheme (FHBG): 5% deposit without paying LMI, now expanded for 2025.
• Family Guarantee Loans: Perfect if your parents can help with a portion of the loan security.
• Low-Deposit Home Loans: Starting from 5% with select lenders, ideal for those with limited savings.
• Fixed Rate Loans: Great for budgeting your family expenses as rates remain steady.
• Split Loans: Combine the best of fixed and variable rates.

4. How Much Can You Borrow as a Young Family?

Lending depends heavily on income, expenses, and dependents. As a general guide couples with combined annual income of $150,000 and one child could borrow around $900,000 - $1.2 million, depending on their existing debts and expenses. If you unsure, please just contact the Sabea team here.

5. What Government Support Is Available in 2025?

There’s good news for first-time buyers. All of these can give your deposit a solid boost, or reduce upfront costs significantly. Check the NSW Government Housing website for updated eligibility.

Here’s what’s still active in 2025:

• First Home Buyer Assistance Scheme (NSW): Stamp duty exemptions on homes up to $800,000
• Home Guarantee Scheme: Expanded eligibility including single parents and permanent residents
• Regional First Home Buyer Guarantee: For families willing to consider areas just outside metro North Shore
  
  

6. Should You Go with a Bank or a Mortgage Broker?

Well, this is where we shine, and a bank will only offer you its own products. We look at the full picture, always with your best interest in mind.

Working with a local broker like us at  Sabea Financial means:

• You get access to more than 40 lenders, including those with family-friendly policies
• We compare rates, loan features, and approval times
• We understand North Shore’s property market
• We offer ongoing support, not just a one-time loan

7. What Are the Biggest Mistakes Young Families Make When Getting a Home Loan?

We help you avoid these by offering clear, upfront advice with no hidden fees, and avoiding these common missteps can save you thousands:

• Borrowing to your maximum limit
• Ignoring hidden costs like stamp duty, conveyancing, and moving expenses
• Not comparing lenders or sticking with one bank
• Overlooking eligibility for grants and schemes
• Choosing the wrong loan structure for your lifestyle

8. How Can You Boost Your Loan Approval Chances?

Here’s how to make yourself look good to lenders:

• Keep your credit clean, no missed bills or Afterpay blowouts
• Limit unnecessary expenses in the 3-6 months before applying
• Save consistently, even if it’s a small amount weekly
• Get pre-approval before you start house-hunting

9. Is It Better to Buy an Apartment or House First?

For many young families, an apartment is the stepping stone. You get into the market faster, and you build equity to upgrade later. However, if you’re planning to expand your family or want backyard space, looking further north (like Asquith or Berowra) may offer house options within your budget. Again, it comes down to your long-term goals. Let’s chat about what works for you.

10. Why Work with Sabea Financial?

We’re locals who understand the local market - simple as that. Whether you’re just starting out or ready to make an offer, we’re here to help. With deep roots in North Shore Sydney, we’ve helped hundreds of families secure their dream homes through:

• Personalised guidance
• Tailored loan strategies
• Access to exclusive products not advertised by banks
• Quick approvals and full transparency

Explore more about our services for first home buyers.

FAQs: Home Loans for Young Families North Shore Sydney

What is the best home loan for young families in North Shore Sydney?
Low deposit and First Home Guarantee loans are ideal. We help you choose based on your family’s budget and goals.

Are there grants for first home buyers in North Shore Sydney?
Yes, the First Home Buyer Assistance Scheme and Home Guarantee Scheme are both available in 2025.

Can I buy with a 5% deposit as a young family?
Absolutely. Government-backed schemes allow you to get in with just 5% and no LMI.

What suburbs in North Shore are more affordable for young families?
Look into Hornsby, Asquith, and Turramurra for more affordable house prices and great amenities.

Should I use a mortgage broker or go directly to a bank?
Mortgage brokers like us offer more options, better advice, and local market knowledge banks don’t provide.

How much do I need to earn to get a loan in North Shore?
For a loan of $1 million, a combined income of around $150,000 is often needed, depending on debts and lifestyle.

What are common mistakes young families make when buying?
Overborrowing, ignoring hidden costs, and not using grants are some key pitfalls.

Ready to Take the First Step?

Finding the right home loan for young families North Shore Sydney doesn’t have to be overwhelming. With property prices still climbing and government schemes active, there’s no better time than now to start planning.

At Sabea Financial, we take the guesswork out of home loans. Whether you’re just starting your family or looking for more room to grow, we’re here to help with expert advice and tailored solutions.

📞 Call us on 1300 001 755
Or email us on info@sabea.com.au

Let’s help you find the perfect suburb - and the right loan to make it happen.