Owning your first home is one of the biggest milestones in an Australian’s life. However, the property journey isn’t a simple process and it can be a challenging experience for some.Learn more
What is the first home buyer deposit scheme in Melbourne?
Getting the right advice is essential to help you navigate your way through the property buying process. Whether it be assessing your finances, obtaining an FHOG application or preparing for a tense auction bidding session or private sale negotiation, it’s important to seek help early. Thankfully, there are a number of organisations dedicated to supporting the first home buyer. They’re here to help you with every step of your journey, so you can achieve your goal of owning your first home.
First home buyers face a lot of challenges, including saving enough money for a deposit and competing against experienced property investors in the market. But it is possible to own your own home if you know what to expect and prepare accordingly.
The first step is to assess your financial situation, including your savings, current income, expenses and any debts you may have. This will give you an idea of how much you can afford to pay for a home. You can also consider additional costs such as stamp duty, inspection fees and conveyancing fees.
Purchasing a property involves many different parties, including vendors, legal teams and banks. It can be complicated, especially if you’re not familiar with the legal terminology and services that are required to complete the transaction.