The following are points we recommend you consider when buying a property.

• Write a list of things you are looking for (e.g. take into account the prospect of a growing family)
• Know your limitations and consider:
  • Interest rate increases
  • Mortgage repayments
  • Security
  • Other financial commitments
• Take into account upfront costs: stamp duty, legal fees, adjustments of rates or body corporate fees
• Have your mortgage finance pre-arranged to avoid delays
• Be prepared to pay 5% or 10% holding deposit on request

Other useful information to consider:

• Locating the right property
• Keep your options open
• Buying at auction

Bourdis Southern Cross Real Estate recommends that you seek professional advice when buying property.