A negatively geared investment property is one where the cost to own and maintain it (loan interest, council rates, maintenance etc) are higher than the rent received. The net outgoings create a loss that is usually an allowable tax deduction.

If you have selected a Fixed Rate home loan, the fixed rate that will apply will be the advertised rate on the date of settlement

An auction is conducted in public on a date set by the vendor. If you intend to make a bid, you or your representative will have to attend the auction to make an offer. You will win the auction if you’ve offered the highest bid above the vendor’s reserve price. If all bids are under the vendor’s asking price, the property is “passed in” and the auction is finished. Private negotiations will then usually take place with the auction’s highest bidders.

If you make a written offer on a property, you should consider having a finance clause. You should confirm with your conveyancer on how to word this clause

How much can I borrow?
There are three main considerations that must be taken into account when you are looking to borrow money for a home purchase, and they are:

When moving home, you have to take into account the sale and purchase settlement dates, as they will have a significant impact on your home loan and cashflow requirements:

This obvious step is often underestimated by many buyers. We can help you understand what you need to save for and help you set your savings goals.

The purchase price will consist of the loan and other amounts provided by the Superannuation Fund.

Once you sign a contract to purchase a property you will have to pay a deposit to commit to the transaction and to ensure that the property is taken off the market to any other offers.

Private sale is where have to negotiate with the vendor’s agent (the Real Estate Agent) and arrive at an acceptable price to both parties, resulting in a contract of sale being signed.