- Save for a deposit ideally above 20% of the purchase price to eliminate Lender’s Mortgage insurance.
- Discuss with your Financial Planner how much you can afford when buying a home.
- Discuss with your bank/mortgage broker how much they would be willing to lend to you, and get pre-approved.
- Look for government incentives , such as the First HomeBuyers Grant.
- Start looking early for a property so that you become aware of the property market. Attend auctions when you can butdo not buy the first home you find.
- Consider using a buyer’s agent to help you find your new home. They can give you an additional edge and access to more properties.
- Align yourself to a respectable real estate agent.
- Talk to a Solicitor or Conveyancer to help you with the legal part of buying a home.
https://moneysmart.gov.au/buying-a-house
https://moneysmart.gov.au/home-loans/mortgage-calculator