Buying your first home
Buying your first home is a milestone you will never forget
It is likely that it will be the largest financial commitment you will ever make. It pays to speak to experts you can trust to help guide you through the process and avoid the pitfalls that can arise.
After the time spent planning and saving, we want to ensure your first property purchase is full of fond memories, not nightmares!
Home buying tips
To get the most bang for your buck when buying your first home, follow our short guide below:
- Plan your budget and get rid of excess debt: The most important step in buying your first home is working out a budget that suits your lifestyle – and sticking to it. Take the time to review your finances
- Save: Start saving for your deposit. Saving the biggest deposit you can will show lenders that you are serious about buying and that you can exercise financial discipline. Plus, the bigger the deposit, the more equity you have in your property. This means you will pay less interest.
- Apply for a First Home Owner Grant early: Ideally, you want to apply for your grant at the same time as you apply for your home loan. This helps ensure your grant is processed faster, and should be complete in time for settlement. Every state and territory offer individual incentives so make sure you are aware of what is available to you in the area you are buying your first home.
- Be thorough: Ensure you undertake all building and pest inspections no matter how perfect the home looks. It pays to research the area to compare what prices similar homes are selling for. Of course, finding an advisor you can trust to help with this process often pays dividends.
Why talk to us when you are looking at buying your first home?
We specialise in guiding you through the smoke and mirrors of the finance world and providing you with the knowledge and support you need to make your first time buying experience a success.
Whether you are a first-time home buyer or a first-time property investor looking to purchase and grow your wealth, we offer custom solutions to suit your needs.
Through years of industry experience, we have done the hard yards to refine the method to the madness that is the property market. We are proud to have worked with some of the best home loan experts and financial planners with proven track records that will get you the results you are looking for every time. We do not deal in guesswork; we provide objective-driven, data-informed strategies to make sure your dream of home ownership becomes a reality.