How to Buy


Purchasing property requires careful research.  Consider your requirements today and think about what your needs will be in 5 years’ time.  Will the property you are looking at be able to be extended, will you be able to afford to extend the property if required.

Bank Loan

Check into various bank loans if required and consider arranging a pre-approved bank loan prior to purchasing.  The amount of deposit you are required varies from bank to bank.  You may even wish to engage a finance broker.


Make sure you have a deposit to purchase if you are required to pay ten per cent of the value of the home to negotiate or bid at auction to purchase.

Style, Location & Budget

Set a realistic budget that you can afford and then look into several areas before making a decision to purchase. 

Various house styles, size, location and condition all determine the value of property. Perhaps you may consider an adjoining suburb to obtain more value for money.


Check the open for inspection times advertised. Most property being marketed for sale/auction are listed on


Inspect as many properties as you can before making a decision to purchase.


Provide real estate agents with your requirements so that they can assist you in your search including the budget you prefer, the area you wish to live in and property size. Be open-minded in your requirements and consider other property alternatives within your budget.

Property Inspection

Consider arranging a professional building, pest inspection carried out prior to purchasing.  There is a cost but it is money well spent. There are a number of builders who provide this service.

Contract of Sale &Section 32/Vendors Statement

Ask for a copy of the Contract of Sale and Section 32/Vendors Statement prior to purchasing and carefully read through the documentation.  Ask the agent to explain any data you do not understand or consider obtaining legal advice.

Buyers Advocate

You may wish to engage a buyer’s advocate for their expertise to search and purchase a property on your behalf.  This can be an expensive option. We provide a cost effective solution for our clients.  You may wish to contact us to enquire about just bidding/negotiating or the full service we can offer.

Making an offer

When is the best time to make an offer if the home is going to auction?  You must do your research and consider why a vendor would accept an offer prior to purchase. Could it be that there are no other interested parties?  Carefully consider your options.

To make an offer you are required to sign a contract of sale and provide a deposit for the vendor to consider.  They may choose not to accept your offer or may provide you with a counter offer. If the latter is the case you are not obliged to pay what they have counter offered but then again they may not sell to you.

An offer may be made subject to a finance clause i.e bank approval, sale of an existing property or another condition such as a builder’s inspection.

You can make your offer conditional on certain items being included or excluded from the contract. Any special conditions such as these must be written into the contract.

A sale is not legally binding until both parties have signed the contract and the three day cooling off has applied, if applicable.

Cooling Off Period

You are entitled to a cooling off period of three business days unless you purchase a property three days before auction, on the day of auction or three days after auction. This means you are legally allowed to withdraw from the contract if you change your mind during this time.

Stamp Duty

Once you purchase a property you are also required to pay stamp duty to the government.  Your legal representative handling your conveyancing will attend to the transfer of these funds on your behalf.

Other Costs

Most people arrange insurance cover for their homes and belongings. There are many different companies offering insurance products. You also have to pay the adjustments for council rates and water rates already paid by the vendor.

Home Owners Grant

Australian permanent residents and citizens who are buying their first home in Australia are eligible for the First Home Owners Grant. On top of this, you may also be entitled to receive a stamp duty reduction. 

Best Wishes In Purchasing