As a general rule, you will need a 10% to 20% deposit plus enough funds to cover legal fees, a building inspection and stamp duty.

If you buy a property with a deposit of less than 20% of the purchase price, most lenders will require you to take out mortgage insurance as well.

Contact us to assist you with finding a Mortgage Broker that can help you understand more.

If interest rates are low and the market is rising, the growth in property prices will usually outstrip your ability to save.

That means it’s often better to purchase your home as soon as you can afford it.

Contact us to discuss your buying options today.

The best location is different for every homebuyer, depending on their needs.

Start with the locations you would like to live in and where it’s convenient for you to travel to your work and to visit family and friends.

If you are interstate or have asked friends and family for suggestions on suburbs but don’t know them, the best way to get know an area is to research it online first, then go and see it in person.

Start by searching for properties in the area and if you find one you like, then go to the open inspections. Talk to the agent about the area and on the way there and back; keep your eyes open for cafes and restaurants, transport options, shopping centres, parks and schools.

Once you have visited a few properties, you’ll start to get a good feel for the area.


The best way to get an estimate of what your property is likely to sell for is to contact 3 to 5 local sales agents and request a no obligation valuation of your home. Be sure to make it clear to the agent that you are not selling today, just doing some research. All agents have access to the most up-to-date sales information in your area and as they see many homes in your suburb are a great resource when it comes to comparing houses to find the recent sale prices of similar properties.

You can also this yourself by using the Sold function on Real Estate websites, to search for recent sales with the same features and location as your property. However many sites are not as up-to-date and often the site or agents will retain the sale price, so you may find this tedious and often not as accurate.

Contact us to arrange a agent to provide you with a full comparison and valuation today.

YES! On the surface a property may look fine, but may have structural faults, problems with the electrical wiring or plumbing, termite infestation or a number of other issues which can be expensive to fix – very, very expensive. In some Australian states it is a contractual requirement to have a qualified inspection of a property, if it is not purchased at auction or has not been written-out of the contract.

In addition to comparing the home to your minimum requirement and wish lists, you may want to consider the following:

  • Is there enough room for both the present and the future?
  • Are there enough bedrooms and bathrooms?
  • Is the home structurally sound?
  • Do the mechanical systems and appliances work?
  • Is the yard big enough?
  • Do you like the floor plan?
  • Will your furniture fit in the space? Is there enough storage space?
  • Imagine the home in good weather and bad – will you be happy with it year round?

Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint.

The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

The two don’t really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing.

Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that’s an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it.

You can find out by asking yourself some questions:

  • Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
  • Do I have a good record of paying my bills?
  • Do I have money saved for a down payment?
  • Do I have few outstanding debts, like car payments?
  • Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you are probably ready to buy your own home.