Tips on Buying

There is a lot to take into consideration when buying a property. To minimise the stress, here are some tips to guide you closer to the property you are after.

Things to consider when buying:

  • Know what you are looking for. Be clear of the purpose of the property. Whether this is an investment property or owner occupied. Clearly know what you are looking for than it makes it easier to decide what purpose it would serve.
  • Research on the area or suburbs you are interested in, start looking at Auction results/sold prices so you can gather median prices.
  • Work out a budget and be aware of other hidden costs such as stamp duty, conveyancing/solicitor fees, building/strata reports, mortgage costs and FIRB costs if you are a foreign purchaser. Click here for more information on stamp duty.
  • Purchasing at Auction; ensure you have all the right documents on Auction day including your license/passport and your bank cheque to be eligible to attend. If you are bidding with a company name or on behalf of another person you will need to have an Authority to Bid