First Home Buyers by Aaron Bisdee
First home buyers are a unique set of buyers that are entering into the property market for the first time. If you are looking to buy your first home, don�t get confused, follow a few basic rules and you will be a happy home owner.

Know your borrowing limits

It is tempting to stretch to a forth bedroom, or a brand new bathroom, or a backyard pool. But can you really afford it post by haiyan701? If interest rates are low now, they will rise at some point and you might suddenly find yourself needing an extra $500 per month to repay the mortgage. Better to buy somewhere just under your budget and leave a buffer for the future. If you apply to a lender asking for more money than you can afford you will most likely get knocked back.

Understand what grants you can have

There is a first home buyer grant, given by the Federal Government as an incentive for first home buyers. It was boosted to higher levels during 200 ... Read more »