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.

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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.

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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.

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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.

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A pre-approval gives you the comfort of knowing that a lender has made an assessment on how much you can borrow based on the information you have provided to them and have satisfied basic lending criteria. A pre-approval is not an absolute guarantee that the lender issuing the pre- approval will approve your finance application.

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