Hi, I want to construct a house. I already have the block of land in Adelaide, SA. The loan on the land is 167,000. I paid approx 12000 as a deposit for the land. The construction is going to cost me 420000 for a complete turn key house. So, if we combine the house and land loan that is outstanding, the total value comes up to 580000. I want to know if I am eligible for First Home Owners Grant (This is my first home in Australia). I want to borrow 95% of the amount with a low deposit. I can put in around 10-12,000 apart from the first home owners grant. Me and my wife together earn approx 145,000 per year before tax. Our total monthly repayment for the car and 2 bikes at the moment is $800 and we pay $1400 as monthly rent. We have a credit card which has a limit of $7000. No bad credit history or default in payment ever. Can someone please let me know if this sounds reasonable and what are my options?