10 Useful Tips for First Home Buyers

We help many First Home Buyers here at FFG, and after celebrating quite a few of our clients buying their first properties over the last month we thought we would share a few useful tips for other First Home Buyers!

Amy and Andy celebrate buying their first home! Well done guys!

10 Tips:

1 - Set a budget: Determining a budget will help you narrow your search and avoid overextending yourself financially.

2 - Research the market: Learn about the real estate market in your area, including property values and trends in different neighborhoods.

3 - Get pre-approved for a mortgage: Before you start house hunting, come and see us and get pre-approved for a mortgage.

This will help you know what you can afford and give you more bargaining power when making an offer.

4 - Consider different neighborhoods: Look at what is essential to you and your family, whether that is being close to public transport, schools or the beach, and this will help you find out which suburbs interest you.

5 - Speak to a real estate agent: An agent can help you find the right home and guide you through buying a property.

6 - Get a building inspection: Remember to add a building inspection to your offer; this will allow you to check for any building issues in the home.

7 - Factor in additional costs: Besides the purchase price, there are other costs, such as stamp duty, conveyancer fees, and moving expenses. Be sure to factor these in when setting your budget.

8 - Attend open houses: Attend open houses to understand better the properties you're interested in and their price points.

9 - Be prepared to act quickly: In a competitive market like Melbourne, properties can sell quickly. Be prepared to act if you find a property you like and have that pre-approval!

10 - Stay flexible: Finally, stay flexible and be willing to compromise on some of your wants and needs. You may not find the perfect home, but you can find one that meets most of your criteria and is a good investment for your future.

In Summary

What should I do next?

Call our office on (03) 8657 8664, and we can organise a time to chat and make a plan to get you pre-approval for a home loan.

We can answer all your questions and help guide you on this exciting journey to securing your first home!

Also, we invite you to take advantage of our free resources, including our First Home Buyer ebook, by heading to our website and downloading a copy!

https://www.futurefinancegroup.com.au/ebooks

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4 Tips For Finding That Perfect High Yield Property

By Kola Dev • March 19, 2025

Any property guru worth their salt will tell you that a dream property investment has nothing to do with a prestigious address or sleek amenities. The ultimate goal, is to find that perfect “high yield” property that will give you maximum returns for as little input as possible. Yield refers to the amount of cash a property produces as a percentage of its value and is calculated by the rental income you are receiving compared to the purchase price. There’s a lot more that goes into the calculations, which I’m happy to run you through, but to give you an idea on what to look for, I’ve put together some simple tips. 1. Do your research. There are plenty of stats out there that will give you the median rental yield for each suburb. This is a great place to start! 2. Look for dual income properties such as a house with a granny flat. You can potentially have two streams of rent coming in, meaning the chance for a higher rental yield significantly increases. 3. Have you thought about looking rurally? Country towns offer some great properties at a low price and because the cost of living is low, the rental yields tend to be higher. 4. Always think forward. Be on the lookout for up-and-coming areas and ask yourself if they’ll still be flourishing in five years time. At the end of the day, you need to be realistic. Just because a property has a high yield doesn’t mean it’s going to be a great investment. As a mortgage broker, I can talk you through your options for investment loans so you can see what your monthly outgoings might look like. Please call our team on (03)8657 8664 or email reception@futurefinancegroup.com.au to arrange an appointment.

7 Quick Ways to Upgrade Your Home

By Kola Dev • March 19, 2025

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7 Tips for Organising Your Finances Before You Buy A Home

By Kola Dev • March 13, 2025

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