Buying your first home with Frasers Property

Buying your first home with Frasers Property

Are you looking to purchase your first home this year, or know someone who is?

If you've been priced out of the property market for some time, the current less-frenzied market conditions represent a chance for first home buyers to get onto the property ladder. As a first home buyer, this year will be a time when there are many important factors to consider, and we want you to be fully informed of the home buying process so you can enter the property market with confidence and start your very first home buying journey. 

And most importantly, we want you to buy a home you’ll be proud of.   

 

 

  • 01

    Pre-approval

    Speak with a bank or broker and find out how much you are able to borrow.

  • 02

    Deposit

    Understand what deposit you need. Factor in costs for stamp duty, possible rate rises, and even add a buffer to ensure you’re ready for any unexpected costs that may arise.

  • 03

    Government assistance

    Make sure you understand what Government assistance is available, and what you could be eligible for, and do your sums accordingly.

  • 04

    Where you’d like to live

    Then ‘scope’ the areas to determine what is right for you. Create a checklist to determine your ‘must haves’ or your ‘nice-to-haves’ and make decisions accordingly.

  • 05

    New vs established

    Consider the benefits of buying brand new, particularly when buying off-the-plan which allows you more time to save, as well as other benefits.

Why consider apartment living?

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    AFFORDABILITY. An apartment is likely to be more affordable than buying a house.

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    SAFETY. Living in an apartment, you’re in close proximity to your neighbours, compared to being the only one in a house.

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    AMENITIES. Unlike houses, apartments today are generally built with landscaped gardens, barbecue areas, swimming pools and more.

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    MAINTENANCE. Large homes on large blocks where weekends are spent mowing the lawns can be replaced with spending more time being social.

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    SIZE. Apartment proportions are, simply put, convenient. Easy to clean and maintain.

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    STYLE. Having a small home means you have less stuff, and this makes the occasional style update much more manageable, and affordable.

Missed the First Home Buyer Smart Talk?

Watch the wrap up now.

 

What is Lenders Mortgage Insurance? What are the benefits of buying off the plan?  What Government Assistance is available to First Home Buyers?  What is the First Home Buyer Super Saver Scheme? What is Rentvesting? Why buying your first home is a good idea? What makes a great investment?

We have all your questions answered here. 

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First home buyers guide, Frasers Property Australia