First home buyer / Steps to buying a property

Buying a house is one of the biggest decisions you’ll ever make. We’re here to help make big decisions simple.

Understand how much you can borrow

From first home buyers to experienced property investors, our mortgage experts at Loan Market can help you make your property dreams a reality. With access to exclusive offers and the power to negotiate a competitive deal, we could help you understand how much money you can borrow based on your current assets and income, and also help you save money on your loan.

Researching the property market

Ray White Now is a good place to start as it provides you with comprehensive facts and figures on the property market. This detailed report explains supply and demand across Australia to help you better understand areas the property market drivers. Additionally, some government websites provide reports or community profiles that disclose information about council plans, development projects or building regulations.

Attend an open for inspection

Ready to start looking? Head to our open home tab to see what we have coming up or call our office on (02) 6056 6778

Building and pest inspections

Most contracts of sale will require you to complete a building and pest inspection before finalising your property purchase. A pre-purchase building inspection is recommended to ensure the condition of a property is what appears to meet the eye. This report will highlight any current defects or concerns about the property’s integrity, looking out for any defects such as leaking taps or cracked walls, whereas a termite inspection will determine if there is evidence of active termites or damage to the property from termites, allowing you to make further negotiations on the contract..

Purchasing your property – auction or private treaty?

At auctions you’ll be bidding against other potential buyers, will have to make fast decisions and will generally know if you will own the home when the auction concludes. If you’re negotiating through a private treaty you’re negotiating the sale price with the vendor and the initial price is set by the market value of the property, not a price reserve. The process can take days or weeks longer than an auction.

Sign contracts and pay the deposit

You may need to engage a lawyer or conveyancer to help you with your contract negotiation and signing.

Pre-settlement inspection

Conduct a final inspection the week before or on settlement day. You’re entitled to take a tour of your purchased property before it settles to make sure it’s in the same condition as when you signed the contract of sale. Consult your conveyancer, buyer’s agent or vendor’s agent if you have any questions regarding the settlement period or your what to do in the event of an unsatisfactory inspection.

Moving day – welcome home

Need help setting up your power and electricity account?

Connect all your utilities in 4 simple steps!

1. Agree | Complete the MyConnect connection form or fill out the application form at myconnect.com.au so we can contact you. There’s no obligations, no lock in contracts and we are a completely FREE service.
2. We Call You | MyConnect will call you to discuss your move in date. In one phone call we organise all your utilities, saving you time, effort and money. We also offer a free interpreter service.
3. Choose your Suppliers | We are partnered with a wide range of suppliers to provide you with the best solution for your needs. We have a variety of plans and packages available.
4. Move in! | Move into your house with all your services ready to go. We guarantee your utilities will be connected on the agreed day or we will cover all your expenses, no questions asked.