Finding the perfect property requires a lot of research.
•As a rule of thumb, minimum 10% of the total value of the property should be used as a start of the basis for savings so you will need to an idea of the price of the property you want to buy.
•As a guide, your repayments shouldn’t exceed approximately 40% of your after-tax salary.
•Potential to save after the mortgage repayments is worth aiming for and is ideal to plan for long-term investment strategy to build a nest egg and net wealth.

The deposit amount should be the first step in your budget analysis.
•Our home loan calculators can give you an indication of how much a bank will lend you.
•However, it is important to understand what portion of income (e.g. ongoing living expenses) goes towards various items and potential savings.
•Our advisors will consider your unique personal circumstances and likely expenses to give a comprehensive assessment of your borrowing capacity and calculate the total cost of purchasing a home.

Gaining comprehensive knowledge of buying a home early in the process will ensure you have enough savings and won’t be left with unexpected expenses later on.
•Consider additional costs as stamp duty, legal costs, registration fees, inspections and moving costs.
•You may be eligible for the First Home Owner Grant http://www.osr.nsw.gov.au/grants
•Refunds of State taxes in certain circumstances.

Being organised at an early stage will allow you to be more confident when you apply for a home loan and look for your first home.
•Be aware of your credit rating so you can work toward improving it if necessary.
•Find a good solicitor or conveyance to support you through the process.
•We can help you organise the other necessary documents.