Making the decision to buy your first, second or even last home is one of the biggest decisions you will ever have to make, so it is important to get the right professional advice.
As there are so many home loan options out there, working with the right broker can make this a much more simplified process. The brokers at Mortgage Basics can assist you with establishing a budget to suit your exact lifestyle requirements and best of all, there is no obligation.
After you have worked out your income, expenses, savings and probable house price, it is time to do a detailed budget so you know exactly what to afford. There are many costs associated on buying a new home. Naturally a large portion of this is the actual price of house, however you might be surprised how much additional costs there are once you have gone through the full process of buying, mortgaging and settlement.
There are many factors which influence your decision to buy your first home. Some might wait for the right time in their careers, others look at the right age or perhaps increase in family size. How do you know the time is right to buy?
A Display home is a house constructed to demonstrate builder’s quality of workmanship, materials and design. It is the most common way for project builders and developers to attract new home buyers. Often a part of a Display Village, it allows builders to showcase a lot of their new designs all in one convenient spot.
Whilst display homes are a great way to demonstrate builders’ skills and latest designs, they can also be an attractive target for a real estate investment. Often, builders finishing a display home prefer to sell the newly finished home to an investor and then lease it back to be used as a display home.
Investing in the Australian real estate can be a great way of steady capital gain, as Australia property has been steadily growing over a few decades now. Steadily growing real estate market combined with well-regulated property laws and rental market, makes Australia one of the best countries in the world for foreign nationals to invest in real estate.
While navigating the process might seem tricky at first, taking a few, labour saving steps at the beginning can make the process extremely straightforward. By following a few simple guidelines anybody planning to invest and fulfilling the eligibility requirement can do it.
Investing in Australian property can be an excellent way to build wealth especially in this ever growing real estate environment. When planning to buy your first home however, you need to consider several factors probably most critical being which financier or lender and home loan product you should apply for. Choosing the right home loan product can make all the difference on your equity growth. The gap between an “unsuitable” choice and the best home loan in the Australian market typically means years in terms of payback time and building equity.