Buy with us
Our team of experts has the local knowledge, skills and experience to help you through what would otherwise be a very stressful buying process. From property hunting and price negotiations to mortgage offers and legal paperwork, we’ll help you meet your goals with ease. Contact us today to get started.
Find your perfect home
Off Market Properties for Sale
For off market properties, please contact Fiona on 0402 889 188
Steps to start buying
When you buy a home, you are buying much more than four walls and a roof over your head. You are buying a lifestyle for you or your family. Given the significance of this decision, it is often an emotionally charged process with hundreds of questions, both big and small. Having helped thousands of people buy properties, we wanted to share our insights.
-
Understand how much you can borrow
-
Research the property market
-
Thoroughly inspect the property
-
Contract reviewed by conveyancer or lawyer
-
Building and pest inspections
-
Buy at auction or negotiate a purchase
-
Sign contracts and pay the deposit
-
Pre-settlement inspection
-
Property settles
-
Celebrate a great result
Understand the buying process
Once you have made the decision to buy a property, knowing how to research the market and what to look for in a neighbourhood are key.
How much money can I borrow?
Before you even start looking around at properties to buy, it is a good idea to find out how much you can afford to borrow and, even better, get pre-approval for a loan.
The team at Oxygen Home Loans can help you. They will assess:
-
Employment history or continuous income
-
Your deposit - 10% to 20% is ideal
-
Your monthly expenses
-
Your credit history
-
Any debts you may have
-
Your assets
-
Any other loans you may have
Want to quickly see how much you may be able to borrow?
Steps to finding and applying
Finding and buying a property is easier when you know where to look, what questions to ask and how to do your due diligence.
Here we take a deep dive into the different ways to buy a property and how to successfully navigate the settlement process.
Questions to ask the Sales Agent
It is also very important that you organise a professional pest and building inspection and a strata report as they identify issues not visible to the naked eye. Whilst no property is perfect, knowing if there are any serious issues with the property can help you make smarter buying decisions.
And of course, your conveyancer or lawyer needs to review the Contract of Sale to ensure it is accurate and there is nothing unexpected.
-
Why are they selling the property?
-
Have the owners done any renovations recently?
-
Can you please provide a list of comparable sales from the last 3 months?
-
How much are the council rates?
-
Are there any restrictions on the property?
-
Are they aware of any planned zoning changes?
-
How long has the property been on the market?
-
Have they received any offers and if so, how much?
-
Are the vendors willing to negotiate?
-
Are they open to pre-auction offers?
What are the first home owners grants (FHOGs)?
The First Home Owner Grant (FHOG) scheme is a national initiative to help first time home buyers offset the effect of the GST when buying or building a home.
It is a one-off payment for eligible first home buyers who purchase or build a residential property to live in.
Whilst it is a national scheme, it is funded locally by the state and territory governments and therefore, the conditions vary across the country. However, in most cases you may be eligible if you are:
-
A permanent resident or citizen of Australia
-
Have never owned a property before
-
Have never received the grant before
-
Are buying a new or established home as an individual
-
You will live in the property as your primary place of residence
-
You apply for the grant within 12 months of purchasing your first property
To find out the specific details of your state or territory’s FHOG visit their website.
