Where to buy
Deciding where to buy can be one of the biggest decisions you’ll make as a first home buyer. It can help to break things down into two different issues: Where you should buy, and where you can afford to buy.
Plenty of research is a good starting point
When you speak with an Aussie Broker you’ll have access to a complimentary range of suburb and property reports that can show property prices in your patch, highlighting where you can afford, and how prices have changed in any area you’re thinking of buying in. It’s the sort of expert information that is critical to
Where should I buy?
You might need to be flexible with your choice of suburbs. You may have your sights set on a particular postcode, but as with any major purchase, it can pay to keep an open mind.
First, think about what matters most to you – being near friends or family, being able to enjoy favourite pastimes like golf, surfing, or maybe dining out. If you love the cafe scene but you don’t want to live in the city centre, consider an inner suburb with plenty of nearby eateries, it can be more affordable too.
Keep an eye on your future needs. If you’re thinking about starting a family, the quality of local schools is worth considering.
A big factor in deciding where you should buy can be proximity to work. A long daily commute won’t just impact your lifestyle, the cost of travel should also be considered. In one survey, Australians spend an average of $38 each week just getting to work – and a long commute will eat into your daily spending money.
In deciding where you should buy, you might also want to look at a suburb’s prospects for future capital growth –
Where can I afford?
As a first home
One way to give yourself more bang for your buying buck is to look beyond the inner city. Our fast-growing outer suburbs are a popular choice for many home buyers, especially
Remember, too, in some states or territories, the First Home Owner Grant is only available if you build a new home.
What to look for in a suburb - transport, schools, amenities
A suburb’s features can determine how well the area is suited to your needs. But they can also play a role in the future growth of your home’s value.
As a guide, features like good transport links, and local amenities such as shops, cafes and leisure facilities plus a decent selection of schools, can have a positive impact on long term property values.
Proximity to natural features such as beaches, parks and rivers, can also make a suburb a more pleasant place to
Know your options
Your borrowing power has a big input on where you should look, and where you can afford to buy.
Talk to us to get to know your borrowing capacity – and start searching for your first home in areas you can afford.
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- Chapter One : Getting started
- Chapter Two : Your Dream Home
- Chapter Three : Money Matters
- Chapter Four : Ways to Purchase
- Chapter Five : Understanding Interest Rates
- Chapter Six : Understanding Home Loans
- Chapter Seven : Lending Sources
- Chapter Eight : Getting Your loan
- Chapter Nine : Choosing a Home
- Chapter Ten : Steps to Settlement