This looks like a normal Resources article, right?
From saving for a deposit, to navigating first-home owner grants, and comparing mortgages; our simple guide is here to help you get the keys to your first place.
Buying your first home can be thrilling. With it comes the freedom to paint and renovate as you’d like, a chance to escape that overbearing landlord you’ve been dealing with for years and the space to start a family. But there are a lot of things you should know as you set out on the path to becoming a first-home buyer. The property market can be a confusing – and competitive place. How much do you need to save for a first-home loan deposit? What are first-home owner’s grants? Do first home buyers pay stamp duty?
We’ve got you covered with this real-life guide to buying your first home, which could help take some of the stress out of one of the most exciting experiences of your life.
First home buyers guide: What to know about buying your first home
The first, and for many, hardest, step in buying a property is saving a deposit. How much you need to save and how long that will take depends on several factors, including how much your home might cost, your income and your lifestyle.
Saving up tens, if not hundreds, of thousands of dollars can seem intimidating. That’s why one of the first things you could do is set a deposit target. To get an idea of how much you’ll need, research areas in which you want to buy. It could be a good idea to look at recent sale prices of homes that are similar to ones you have your eye on, and check out average year-on-year percentage price increases. This should give you a good idea of how much your first home could cost.
You might’ve heard that the recommended deposit amount to set your saving sights on is 20% of your new home’s cost. While that is a good target to set, it may not be the right move for you.
Let's go through the home buying process...
Start by finding a house you like.
This could be a paragraph that starts showing users a really interesting in-depth topic. Maybe we could talk about property auctions?
Then make sure you've saved up all your pennies for your deposit.
Cool, so they've attended the auction, but then what's next? Maybe they missed out. Maybe we should start talking about pre-approvals?
Now work out how much you could borrow. Chat to a nice friendly neighbourhood lender, like us!
We’re always on the lookout for talented and engaging professionals who embody our core values of can-do, balanced and real. After all, this is the foundation of how we deliver on our promise to help everyday Aussies and Kiwis. Our staff agree, with 80% employee engagement in 2021 – we make sure we give back and reward your success.
Check out our graduate program if you’re starting your career or find out more about how we can help you take the next step in your career by looking at our current vacancies.
We'll give you pre-approval. This means you're good to start making offers.
We’re always on the lookout for talented and engaging professionals who embody our core values of can-do, balanced and real. After all, this is the foundation of how we deliver on our promise to help everyday Aussies and Kiwis. Our staff agree, with 80% employee engagement in 2021 – we make sure we give back and reward your success.
Check out our graduate program if you’re starting your career or find out more about how we can help you take the next step in your career by looking at our current vacancies.
Then go to auction or negotiate. It's only the biggest purchase of your life.
We’re always on the lookout for talented and engaging professionals who embody our core values of can-do, balanced and real. After all, this is the foundation of how we deliver on our promise to help everyday Aussies and Kiwis. Our staff agree, with 80% employee engagement in 2021 – we make sure we give back and reward your success.
Check out our graduate program if you’re starting your career or find out more about how we can help you take the next step in your career by looking at our current vacancies.
