According to research from the Reserve Bank in its 2004 annual report, Australia enjoys one of the greatest home ownership rates in the world. But in a time of high house prices how do you make this great Aussie dream a reality?

Common questions to consider

Some questions you may wish to consider include:

• Am I better off renting than buying?
• I really want my own place. How much do I need?
• How much can I borrow?
• How much deposit will I need?
• What additional costs will I be up for when I buy a place of my own?
• I’ve heard that there are concessions for first homebuyers?
• I’ve done all the numbers and even with the concessions, I still don’t have enough. How do I get my deposit together?
• What should I do with my money while I try to accumulate a bigger deposit?
• What types of loans are available?
• What should I look for in a loan?
• How do I find the right mortgage for me?

How we can help

We can:

• Work out how much you can borrow based on current financial commitments.
• Calculate the deposit you are likely to need.
• Identify options to save for a deposit in the timeframe you set.
• Set a budget to cover your mortgage commitments when you have purchased your property.
• Review, recommend and organise appropriate insurances.
• Recommend if you need to create or review your Will.

What to do next

If you want us to help you review your financial situation contact us today.