Property Buyers

Property buyers helpful advice for buying in the Cairns real estate market

FINANCE – WHAT PROPERTY PRICE CAN I AFFORD?

Property Buyers finance optionsFor property buyers, the largest initial cost of a home is the deposit, generally around 5% of the purchase price. A savings plan can help you to gauge what sort of repayments you are likely to repay to a bank for the loan. Shop around for the best interest rates, make sure you understand the fees, charges and conditions associated with the loan – using the services of a good mortgage broker is one of the best options.

What’s the difference between pre-approval and subject to finance?

Further costs associated with the purchase of your property can be found here.

Try theses handy d.i.y. web tools below

Mortgage calculator

Transfer duty calculator (also known as stamp duty)

 

RESEARCH THE MARKET

Property Buyers real estate market researchThe market is effected by economic trends as well as changes in the supply and demand for property. You can do a lot of research on your own by using the follow tools;

  • check the internet listings of your chosen areas
  • check the newspaper property pages
  • talk to friends and family about you property goals
  • go to open homes and talk to agents
  • check if you are eligible for any grants or concessions
  • find out from your local council what future developments are planned

 

SEEK LEGAL ADVICE

Before you appoint a solicitor, ask them for a detailed quote on what their services will cost, for example conveyancing costs, search fees, stamp duty etc.  It’s a good idea to get your solicitor to check the legal document before you sign anything too.

 

First home buyers information here.