Where to next? It’s important to establish your budget. When working out your budget, you’ll need to factor in extra costs such as conveyancing, taxes, duties and fees. 

We recommend that you contact your bank or a mortgage broker to find the right type of loan to suit your needs. Once again, our team can help you out by recommending a mortgage broker who’ll be able to step you through the finance process and apply for a home loan.

If you can obtain a pre-approval, it will make things a lot easier once you find your preferred lot of land. Rebates or grants may also be available, and more information on Government concessions can be found at www.sro.vic.gov.au. It’s important you ask lots of questions and have your professional advisor explain the loan process to you thoroughly.