First Time Sydney Property

First Time Property Buyers in Sydney

May 10, 20232 min read

Are you a first-time property buyer in Sydney? Congratulations! Buying a property is a significant investment, and it's essential to take the time to research and understand the process thoroughly.

First Time Property Buyers in Sydney

Know your Budget

Know Your Budget

Before you start looking for properties in Sydney, it's crucial to understand your budget. Work out your maximum borrowing capacity, including your deposit, so you know how much you can afford to spend. Plus make sure to factor in additional costs such as stamp/transfer duty, legal fees, and inspection fees.

Explore Different Suburbs

Sydney is a vast city with many different suburbs, each with its unique character, personality, and property prices. Explore different areas to find one that suits your lifestyle and budget and consider factors such as proximity to transport, shops, schools, and other facilities.

Get Pre-Approved for a Mortgage

Pre-approved for a mortgage

Getting pre-approved for a mortgage will give you an idea of how much you can borrow and make it easier to negotiate with sellers. Shop around and compare different mortgage options to find one that suits your needs and budget.

Let us take care of this for you! At CCS Lending, we strive to get you the best home loan rates in the market, contact us today to find out more.

Engage a Professional Property Buyer

Working with a professional property buyer can help you navigate the Sydney property market, negotiate with sellers, and find properties that meet your criteria. A property buyer can also help you avoid common pitfalls and provide advice on the best areas to buy in Sydney.

Be Prepared to Move Quickly

The Sydney property market can move quickly, and properties can sell within days or even hours of being listed. As a first-time property buyer, it's essential to be prepared to move quickly and have your finances in order.

Consider Additional Costs

In addition to the purchase price of a property, there are other costs associated with buying a home in Sydney, such as stamp duty, legal fees, and inspection fees. It's essential to factor these costs into your budget and be prepared to pay them when necessary.

We know that buying your first property in Sydney can be an exciting and rewarding experience, but it's essential to approach it with caution and careful consideration. At CCS Lending, we specialise in helping first-time property buyers navigate the Sydney property market. Contact us today to learn more about how we can assist you.

General Advice Warning

The information on this site is of a general nature.

It does not take into account your objectives, financial situation or needs.

Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.

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What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to help you buy or build your first home sooner. We're proud to continue supporting this initiative.

If you’re eligible you’ll get a limited guarantee from the Australian Government to buy or build your first home with a low deposit of 5%, without paying Lenders Mortgage...

What costs are involved with buying a home?

Ask yourself one simple question, ‘How quickly do I want to get into my first home?’ This will not only determine how much you need to save but also how long it will take you.

The First Home Owners Grant (FHOG), opens in new window is a national scheme funded by the states and territories. It was established to offset the effect of GST on...

Lenders Mortgage Insurance

How Lenders Mortgage Insurance can help you get into your dream home faster.

If you’re finding it difficult to save a 20% home loan deposit, you might still be able to borrow by paying Lenders Mortgage Insurance. We’ll run through how LMI works and what it might mean for you.

The Lender will normally require LMI if you do not have the required home loan deposit (typically 20% of the property value) and the cost is usually passed...

Buying a House: The Upfront Costs

Outside the deposit, this’ll be your biggest upfront cost. Stamp duty varies greatly from state to territory to state and the rules (and exemptions) can seem complicated.

Check out the government websites of your state or territory. But be warned: the various schemes change almost yearly so you’ll need to check and double check.

As of October 2014, if you’re a...

Current Cashback Offer

Terms and conditions, credit criteria, fees and charges apply.

$2k to $4k Refinance Cashback available for new refinance applications. Offer may be varied or withdrawn at any time.

Limit of one cashback payment regardless of the number of applications, applicants, properties, or loans involved per 12-month period. For joint applications, only one cashback payment will be...

85% LVR with LMI waiver or $1 for First Home Buyer Offer

This offer is only available through St George and 86 400 Bank.

For eligible first home buyers with a Loan to Value Ratio (LVR7) up to 85%, the LMI will be reduced to only $1 with St George or NIL with 86 400.

This offer is not an LMI waiver and your clients will be charged $1.00 for LMI which will be reflected in their Loan Offer...

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