The guide Stage 02
Getting prepared
The future belongs to those who prepare for it today.
This is you if
- Feel financially ready
- Know what you want to buy
- Understand it, but want to know more
- Looking for the confidence to buy
By the end of this stage
- Your team is assembled and you know who works for whom
- You hold a current pre-approval
- You've shortlisted suburbs and been to inspections in them
7 chapters
Read in order, or skip to what you need.
- 01Getting your team in placeSix or seven professionals you've never hired before. Who they are, who pays them, and what each would rather not tell you.4 min
- 02How lenders work out your borrowing powerThe five steps every Australian lender follows to decide what you can borrow, one buyer worked through, and what the lender's number would mean for you.7 min
- 03Borrowing power and pre-approvalHow lenders decide what you can borrow, and the six steps to a pre-approval that means something.3 min
- 04The market and locationsWhat actually moves prices, how to choose a suburb, and the tools worth using.2 min
- 05Types of propertiesHouse, townhouse or apartment, and the line on the listing that matters more than any of them: what kind of title you're buying.2 min
- 06New versus establishedFor a first home buyer this is mostly a tax question, and the answer differs by state. What each one costs, and what each one risks.2 min
- 07Key documentsThe paperwork of a purchase: what you have to produce, what you'll be handed, who makes each one and who explains it.2 min
Next up
Stage 3: Actively looking