Buying your first home is one of the most exciting times in your life. But equally, working out how to finance it can be quite daunting and challenging. So we’ve put together a general checklist of information to help you to navigate your savings journey – and hopefully make the process as seamless as possible.
Identify your Budget.
The first thing you need to do is determine is how much you can borrow.
Thinking about buying a block of land at Manor Lakes, but not sure where to start? Just follow these simple steps and you’ll be on your way in no time.
Step 1. Secure your lot. The first step on your home buying journey. Once you’ve chosen your lot, visit the Sales Centre where you’ll need to complete an Expression of Interest form and pay an initial deposit via EFT, bank cheque or credit debit card. And if you have any questions, our sales team are there to assist.
As you begin to consider appliances when building your new home, or if you are considering updated appliances for your current home, it’s always beneficial to understand what to consider when looking at energy efficient appliances.
With rising inflation, the spiralling cost of living, and steadily increasing interest rates, most of us need to pay closer attention to our budget.
But doing so can be much easier than you think.
Here’s a few key things you can do around the home to help you to save a little money. And remember – every little bit counts. While savings of $20 here and there might not seem to make much difference of themselves, when you add up them all up at the end of a year, you’ll be pleasantly surprised at the results!
So you’re a first home buyer. When’s a good time to buy?
It’s a difficult time for first home buyers, but it’s not all bad news!
According to the Australian Bureau of Statistics (ABS), the number of first home buyers in the market has fallen about 35% over the past year[1], which is hardly surprising given rising interest rates, the end of some government grants and tighter borrowing restrictions.
With an ongoing focus on interest rates, now could be the perfect time to make some clever and practical changes to your finances and learn how to prepare for any further fluctuations with our helpful tips.
Assess your budget
Now is an ideal time to look at your finances and take stock of your expenses.
Creating a written copy of your spending habits to keep track of and highlight any behaviours can be a great way to note any negative patterns. Assess your current weekly or monthly costs and note the areas you can limit spending.
Good news for Manor residents! Data complied by RPM Group, has highlighted Melbourne’s western growth corridor, including Wyndham, Melton and Bacchus Marsh had an 8.1 per cent median lot price increase to $359,000 for the first quarter of 2022 (January-March).
