Make This EOFY Count: Your First Home Buyer Checklist
The end of the financial year (EOFY) is the perfect time to take charge of your home ownership goals. If you’re a first home buyer, a clear plan can help you make the most of your tax return, set a strong foundation, and step confidently into the property market. Here’s your essential checklist to get started this financial year.
Review Your Finances
Before you start house-hunting, take a close look at your savings, spending habits, and any debts, including Buy Now, Pay Later services like Afterpay. Use your tax return to boost your deposit or pay down outstanding debts, improving your borrowing power and financial readiness. Understanding your budget and setting a clear savings goal will help you stay on track as you move forward.
Get Pre-Approval for Finance
Securing pre-approval is a crucial step that shows that you’re a serious buyer and helps you understand exactly how much you can borrow. Speak with our team to access low deposit home loans and expert advice tailored to first home buyers. Consider government-backed options like Keystart or the First Home Guarantee to make finance more accessible.
Choose the Right Suburb & Home Design
Think about your lifestyle, future plans, and the importance of proximity to work, schools, and transport. Research suburbs that fit your needs and budget and consider home designs that suit your long-term goals. If your preferred suburb is out of reach, consider alternative strategies such as a house and land package or buying in a growth area and renting where you want to live.
Plan Your Next Steps
Make the most of your EOFY momentum by setting a clear savings target, gathering necessary paperwork, and booking a consultation with our team. Being organised will help you move quickly when the right property comes along.
