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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.

Costing Your New Home.

With the purchase of a new home, comes the "joy" of working out all the costs you will incur.

If you don't get a handle on this up front, it may cause financial problems later like:-

  • Insufficient funds to meet all the extras you planned for.
  • Negative effect on your planned future cash flow due to higher repayments.
  • Placing future plans on hold.

Lets look at the areas where costs are incurred:-

  1. Purchase Price – The price of the property.
  2. Conveyancing Costs – Your legal provider should supply a “Cost Agreement” outlining their costs. This should include property enquiries, stamping & settlement fees.
  3. Stamp Duty – This is calculated on the purchase price of the land. Stamp Duty calculators are available on most lender's web sites. Also most conveyancers will be able to advise the amount of Stamp Duty payable.
  4. Lending Institutions Costs – The lending institution could charge an establishment fee for your loan. Although in the current competitive market some institutions will waive this . At the same time Lender's Mortgage Insurance could be payable if your LVR (Loan to value ratio) is over 80%.
  5. Furniture & Whitegoods – When moving to a new property there are generally new items of furniture and whitegoods required to complement the new surroundings.
    The cost of these new items can be added here so that they are included in the overall budget.
  6. Relocation Costs – When estimating removal costs, consider whether the move can be directly from one home to another. If not, there will be a need to cover storage costs between moves, and it will also include the cost of 2 moves.
  7. Miscellaneous – This can include a multitude of items. Here is a list of some to get you started:-
    • Telephone Connections
    • Independent Building Inspection Report
    • Independent Pest Report
    • Painting of New Property
    • Renovations to the Property
    • New Carpet before Occupation
    • Outstanding Water & Land Rates on New Property
    • Start a Strata or Community title search

Once you have all your costings, how do you collate them, make alterations and updates from time to time? This could be a big ask, but there is some good news.

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