For some First Home Buyers, the whispers and stories they hear about buying a property encourage them to stay at home, or continue to rent, rather than get their feet on the property ladder. So, the purpose of this article is to dispel some of the “stories” we hear from those of you who are new to the property game.
APRA’s role is to regulate the behaviour of lenders, banks, credit unions, building societies, general insurance companies, private health insurance agencies and the superannuation industry. Their mission is to establish and enforce standards and practices to ensure that our financial industry remains stable, efficient and competitive.
Buying a home is a very exciting time – particularly if you’re climbing on to the property ladder for the first time! When you finally get your deposit together, it’s really easy to get caught up in the moment and forget to budget for the other costs associated with buying your home, so here’s a quick checklist of things to include when planning your finances for your big move.
Working to a budget and making sure you choose a mortgage and loan amount that is suited to your investment objectives could save you thousands of dollars and a heap of stress. The first step is to make sure you are comfortable with the financial commitment you are about to make.ate a smooth settlement.
You’ve done your research, found the property that meets your investment objectives, now you need to close the deal in the best way possible! It helps to use a competent and qualified conveyancer or solicitor to handle the legal side of the purchase as this will facilitate a smooth settlement.