With recent announcements from the Reserve Bank, and the questions that are being asked of us, we felt it was necessary to bring you up to date with the changes in the banking sector –especially around the amount of deposit now required of you in order to buy a property.

So what does it mean? For some, it means being turned down by the bank, compared with  a few weeks ago when they would have welcomed your business!!!  It may also mean that right now there are longer waiting times for bank loans to be accepted, and missing your dream property could very well be a reality!

However, we are nothing if not optimists, and believe that there is always a solution. And that’s our strength– we often have the answer and just need to be asked the question. So if home ownership is a discussion you or anyone you know is having, then call us today so we can start helping! 

Actually no one, we just wanted you to read this section! For those of you that have bought and sold you’ll understand this section, on the REAL costs of moving.

These costs are often overlooked and can cause the most stress, and for new home buyers this is when the subsidy mentioned earlier – counts, and can make the biggest difference to your first property purchase!

When you buy a house or property, it’s not simply the cost of the actual property that you need to account for:

• Registered valuation report - required for over 80% borrowing $450-500 (approx.)
• LIM report $170-200 (approx)
• Lawyer range from $800-1,250 (approx)
• Builders report - required in many cases : $300-800 (approx)
• Potential Total Additional costs $2,750