Buying Your Next Home?

If you have decided to move on from your current property, we can assist with the process of obtaining a loan for your next home.

Pre-Approvals

After reviewing your financial position, we may be able to assist you in obtaining a pre-approval. If you haven’t found a property yet, a pre-approval is an indication from a lender how much you can borrow from them. This may help you to search for a property with more confidence.

What are the costs associated with buying a property?

  • Stamp Duty (or transfer duty) is a one-off state-based tax that varies according to the state or territory where you are purchasing. Some states offer discounts to first home buyers, such as the First Home Buyers Assistance scheme in NSW.

  • Other Government Fees – include mortgage registration fees and transfer fees and they vary by state.

  • Pest and building inspections – these will help identify any poor building work and pest problems that may cause issues in the future.

  • Conveyancer or solicitor fees – a licensed conveyancer or solicitor can help you to review the contract of sale and transfer the property into your name. Their fees may vary, so make some enquiries before committing to a particular solicitor or conveyancer.

  • Building Insurance – you will need to obtain building insurance for the property you are purchasing before settlement.

  • Lender fees – lenders may charge an establishment fee and/or valuation fee.

  • Lenders Mortgage Insurance – this is insurance that you pay and that protects the lender in case you default on your home loan. You may need to pay this if you have less than a 20% deposit.

  • Removalist Costs

  • Connection of Electricity, Gas and Telecommunications.

What are the costs associated with selling a property?

  • Real estate fees – real estate agents will typically charge agent fees, marketing fees, and auction fees (if applicable). You may also want to pay for staging fees to present your property in the best light for sale.

  • Conveyancer or solicitor fees – a licensed conveyancer or solicitor can liaise with the parties involved in the purchase of your property and ensure that all legal requirements are met. Their fees may vary, so make some enquiries before committing to a particular solicitor or conveyancer.

  • Removalist Costs

  • Lender fees – lenders may charge a fee to discharge your mortgage.