Thursday, 15 October 2015

2 Tips for the First Time Home Buyer

Are you a first time home buyer looking to buy your first property? It's not just the up-front costs of buying the property but also knowing how to manage the mortgage repayments and plan for any unforeseeable changes to lifestyle or income. As well as the deposit, you may need stamp duty, inspections, insurance, legal expenses, valuations and title search fees.


1. The first time home buyer needs to be finance savvy. If you're serious about a property, it's wise to conduct a building and pest inspection.

2. Look for help, there are various forms of government assistance for first home buyers, such as the First Home Owner Grant. To find out more about any grants of concessions for the first time home buyer go to www.firsthome.gov.au or the Office of State Revenue in your state.