Target Market Determination - Graduate Loan

Target Market Determination - Graduate Loan

Target Market The Graduate Loan is ideal for customers with a Certificate III or higher who want a smaller deposit who want to:
  • buy an established home; or
  • construct a home
Ideal for customers who want:
  • Standard Variable Rate
  • Fixed Interest Rate (1, 2 or 3 years)
  • Split Interest Rate (total minimum loan
    is $50,000 and each portion of the split
    facility must have a minimum of $20,000)
Conditions For customers to be eligible for a HomeStart Home Loan, they must meet the following
  • Customers must be 18 years of age or over
  • Customers must be an Australian citizen, have permanent residency status or have any acceptable class of visa
  • Security for the loan must be located in South Australia
  • Customers must have regular income (this can include Centrelink benefits)
  • Not an undischarged bankrupt
At least one customer must have proof, from a TAFE, university or another Registered Training Organisation, of (the holder of the relevant qualification must meet HomeStart’s employment eligibility criteria):
  • Certificate III/IV
  • Diploma (including Advanced Diploma)
  • Bachelor Degree (including Honours)
  • Masters or a higher qualification
Customers holding an overseas qualification must be working in their field of expertise or have a certificate of recognition of prior learning and acknowledgement from an Australian professional association (in the applicants area of expertise).
Restrictions Customers must have a clear credit history - no adversity, rectified or unrectified should be listed on the customer’s current Equifax credit report.

HomeStart is required to be the first
mortgagee on all properties used as security for HomeStart loans.
  • Maximum loan: $850,000
  • Minimum loan: $10,000
  • Maximum LVR: 98%
Availability of Secondary / Deposit and Fee
Assistance products:
  • Advantage Loan
  • Shared Equity Option
  • Starter Loan
  • Wyatt Loan
Origination channels:
  • HomeStart Finance
  • Accredited Brokers
Circumstances when TMD no longer appropriate
  • Product has been removed from distribution
  • Review trigger event occurs
  • HomeStart has been notified of a significant dealing event
Review period
  • Initial review – 3 months from date of first issue
  • Periodic review - biennial from initial review (or earlier if product altered)
Complaint notification
DDO Reporting
Distributors will report if they become aware of a significant dealing event in relation to this TMD,
within 10 business days.
Identification information Effective Date 1 July 2023. R/21/1254670

Important Information about TMD’s

A TMD is not intended to provide you with financial advice.

The information in a TMD does not take into account your individual objectives, financial situation or needs and before making any decision you should refer the relevant Terms & Conditions and Fees & Charges information and other supplementary documents, such as the Key Fact Sheet to consider whether the product is appropriate for you.

If you are looking to report information to HomeStart in relation to our product Target Market Determinations, you can email us at

Download PDF version