It is a long journey from saving up for your deposit to actually owning your own home, but it is certainly a rewarding one. Your first property is an important financial and emotional investment into your future, so you want to make the most of every opportunity to make your dream home a reality.
It’s the ultimate dilemma for any home owner planning to move on to a new property – do I sell or buy first? You don’t want to sell unless you have somewhere else to live, but you don’t want to buy unless you have the money from the original home. Whichever way you go, there will be some stress involved, so it’s important to look at the pros and cons of each option to decide which is the most suitable and practical for your circumstances.
If you are new to Australia then sooner or later, you may consider buying property, either as an investment or a home for your family. So there are a few things you need to do in preparation for your first property purchase.