5 Tips for First-Home Buyers in 2024
Navigating the property market as a first-time buyer can be daunting. Here are our top strategies to help you secure your dream home.
Start with a clear budget
Before you browse listings, define a purchase budget that includes stamp duty, conveyancing, inspections, and a contingency buffer.
Aim for a deposit that keeps your loan-to-value ratio competitive to reduce LMI costs.
Get pre-approval early
Pre-approval strengthens your position when making offers and keeps your search focused on realistic price ranges.
- Review your credit score and tidy any outstanding debts.
- Prepare recent payslips, bank statements, and identification documents.
- Compare lenders for incentives and turnaround times.
Lean on expert guidance
A broker can translate policy differences between lenders and surface products that fit your goals, whether that is flexibility or certainty.
Ready to explore your options?
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