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Our complimentary e-book "Preparing for your new home" outlines the issues that need to be planned for when buying a new home. It will assist in making your planning process more organised. It highlights steps most home buyers overlook and explains how our unique software package will help and save you time, money and stress.
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Popular Articles

Below are links to articles covering various important aspects to home buying.

A secret to the buying process.

Tips for preparing a budget.

Financial Planning tips.

7 Points to Costing your new home.

Attention home builders.

8 Points to Costing your project home.

How to cost the extras for your project home.

How to prepare and plan for your move.

Background to Home Buyers Information Guide.

About your Service Providers

6 steps in the Conveyancing Process.

The role of a Finance Broker.

Tips for Preparing a Budget.

Avoid Hardship.

A good Budget can be the key to the preparation stage. Knowing your own financial situation is imperative in making such a large capital outlay. Your financial situation is unique, so use a Budget Planner that will:-

  • Show income and expenditure on a monthly basis so that surpluses or deficits are readily seen.
  • Be downloaded onto your own computer so that updates and changes can be made at any time without re-entering the basic data. (Not available with most online calculators).
  • Available for financial planning of future needs after the home is purchased.

More about Budget Planning.

Here are some guidelines that could assist with prudent budgeting:-

  • Compiling the data – It is suggested to take the information from credit cards & bank statements for the last 12 months
  • List all Expenditure – When compiling budget figures ensure all expenditure items are included. This could even include say 10 coffees a week at $30 or $1,500 a year.
  • Credit Cards – If Credit Cards are used for any payments, list the items or services purchased. Do not show your credit card payments as an expense as each item will be counted twice. This could reduce your borrowing capacity.
  • Future Financial Changes – Try and envisage any financial changes that will occur in the future and build these into the budget. Some examples are:
    1. Increase in family members.
    2. Higher education costs as children get older.
    3. Proposed changes, alterations or additions to the new property
  • Build a Rate Cushion – When calculating your monthly repayments use an interest rate of say 2% above the current variable rate. This will show that you can cope with some interest rate rises.
  • Have a Redraw Facility - At the same time use the monthly repayments calculated from the higher rate. Combine this with a redraw facility on your loan and over time credit funds will accumulate in the home loan account.
  • Financial Buffer – This will provide a buffer against some unforseen circumstances at a future date.
  • Dedicated Bank A/c – Your budget should show a figure for "Average Monthly Expenditure". It is a good idea to place this amount in a separate bank account each month and only use these funds for the items in your budget.
  • Life Insurance – Check that sufficient life insurance cover is in place to cover the new mortgage.

Our "Software Package" contains an easy to use Budget Planner that is purpose built for this situation. It will save you a lot of time & manual calculations.