Buying a home is an exciting time, but it pays to do your homework to ensure a smooth purchasing experience and many happy memories in your new place. 

If you’re a first home buyer or it’s been a while since you’ve dipped your toe into the property market, it can feel overwhelming to know where to start.

Consider your Finances

Buying a property is a big commitment which requires a realistic look at your finances, specifically how much you can afford to repay now and into the future.

You will need to be aware of all the costs associated with purchasing, such as conveyancing, stamp duty and taxes, and how you will fund them.

Also bear in mind possible changes to your income over the next three to five years. While it’s of course not always

possible to plan for the unexpected, it’s worthwhile considering different scenarios. Could you be out of work, is that promotion a likelihood, are you planning to have children?

Ask for help

We can assist you in reviewing your budget and helping you obtain a finance pre-approval so you know what you can afford before you start your search.

This will save  time and strengthen your focus on what it is you are looking for.

Speak to us for further guidance and to find a loan that works for you, your situation and borrowing potential.


Stuart Fitzpatrick and Excel Financial Advisors Pty Ltd are authorised representatives of Interprac Financial Planning Pty Ltd AFSL 246638 registered office at Level 8, 525 Finders Street, Melbourne VIC 3000. This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns.