Before you find your dream home, it is important to understand how much you can afford. Speak with a mortgage broker and they can arrange a pre-approval for you.
You should also have a look at our home loan repayment and compare repayments against what you have budgeted.
Research where you want to live. What is the average property price?
What services, schools, parks and transport links are available?
There are also lots of free suburb and property reports available which can help you.
Meet with local real estate agents. Let them know what you are looking for and get on their list to be first to find out about new properties.
Once you find your dream home, make sure you complete a thorough inspection. It is recommended getting a building and pest inspections completed by a professional.
You're ready to put an offer on a property, or maybe go to an auction. In either case you need to have a strategy, it helps to be able to answer these simple questions:
- how long has the property been on the market
- are there any other potential buyers
- how much are you willing to pay
