Charlotte Ziegeler wasn’t expecting her home ownership journey to move so quickly. Within two weeks of receiving pre-approval for a home loan from NAB, she’d found a home, made an offer and started packing.
20.06.2025
Published on 20.01.2025
When Issy’s (19) housemate situation fell apart earlier this year her older sister Madi (23) moved in to help cover the lease. It was only meant to be temporary, so when their lease ended a few months later they found themselves back in their childhood bedrooms at their parents’ house in Geelong.
“It was fine for a while,” Madi said of their return to the family home.
“But we needed a plan, we couldn’t stay there forever.”
One night, during dinner at the kitchen table, the sisters floated an idea: what if they bought a house together?
“We didn’t think it was something we could do,” Madi said.
“But we decided to visit our local NAB branch just to see if it was even possible.”
After a long conversation with local lender Nicole Butler, the sisters learnt about the Australian Government’s Home Guarantee Scheme, opens in new window. The program allows eligible buyers to purchase a home with as little as a 2% deposit**, with the government acting as guarantor to avoid the extra cost of lenders’ mortgage insurance.
And they’re not alone. NAB data shows a 15% increase in Victorian first home buyers this year, while participation in the Government’s Home Guarantee Scheme has jumped 30%.
With combined savings of $35,000, Issy and Madi were pre-approved for a loan and set a budget of $505,000. Their focus quickly narrowed on Leopold, a suburb of Geelong where they had grown up. The location was ideal – not only was it close to their parents, but it also kept them near work and friends.
“It felt like the right place to settle,” Issy said.
“It wasn’t just about finding a house. It was about staying connected to the community we’ve always known.”
The sisters inspected five properties before landing on a three-bedroom brick home in Leopold with a backyard. Listed at $530,000, it ticked all their boxes: affordable, move-in ready, and big enough for their current needs.
“We ended up getting the place for $505,000 – nothing flashy, but it’s ours,” Madi said.
The sisters’ journey inspired their older brothers, Jordan (26) and Josh (25) who decided to follow suit and buy a house together. The brothers pooled their savings and recently purchased their own home – also in Leopold, not far from their sisters.
“Geelong has been booming – our data shows Geelong was the sixth most popular regional market for property purchases in 2024,” Ms Butler said.
Ms Butler added that demand for homes in Australia was still going strong, although recent property data from CoreLogic shows average values across the country have barely moved.
“For buyers who’ve been feeling locked out of the market, this could signal a chance to enter, especially as we start a new year where more housing stock will enter the market,” she said.
“It wasn’t the grand entrance we imagined,” Issy laughed.
“It’s definitely a memory we won’t forget!”
Since moving in, they’ve focused on making the house their own. There’s talk of adding built-in wardrobes and eventually an ensuite. For now, though, the sisters are simply enjoying the independence that comes with owning their own home.
“It’s still sinking in,” Madi said.
“We went from living at home to sharing ownership of a house in the space of only a few months. It’s a big step – it all started as a conversation at the table, now we’re homeowners.”
Their brothers Jordan and Josh are also excited about their own milestone, with the siblings enjoying the opportunity to build their futures close to family while staying connected to the community they’ve always called home.
Notes to editors:
Customers, banking & finance
Charlotte Ziegeler wasn’t expecting her home ownership journey to move so quickly. Within two weeks of receiving pre-approval for a home loan from NAB, she’d found a home, made an offer and started packing.
20.06.2025
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