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Hot Tip: dŚĞƌĞ ĂƌĞ ĂůǁĂLJƐ ĞdžĐĞƉƟŽŶƐ ƚŽ ƚŚĞ ƌƵůĞ͘ &Žƌ ĞdžĂŵƉůĞ͕ ŝĨ LJŽƵ
ŚĂǀĞ ďĞĞŶ ƌĞŶƟŶŐ͕ ƚŚĞŶ LJŽƵ ŵŝŐŚƚ ŶŽƚ ŶĞĞĚ ƚŽ ƐŚŽǁ ŐĞŶƵŝŶĞ ƐĂǀŝŶŐƐ
ĂƐ ƉĂLJŝŶŐ LJŽƵƌ ƌĞŶƚ ŽŶ ƟŵĞ ŝƐ ĞǀŝĚĞŶĐĞ ŽĨ LJŽƵƌ ĂďŝůŝƚLJ ƚŽ ŵĞĞƚ Ă
ŵŽƌƚŐĂŐĞ ĐŽŵŵŝƚŵĞŶƚ͘ ^ŽŵĞ ůĞŶĚĞƌƐ ǁŝůů ůĞŶĚ ƵƉ ƚŽ ϵϱй ǁŝƚŚŽƵƚ
ĂŶLJ ŐĞŶƵŝŶĞ ƐĂǀŝŶŐƐ͘ dLJƉŝĐĂůůLJ Ă ŚŝŐŚĞƌ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ǁŝůů ĂƉƉůLJ ŝŶ ƚŚŝƐ
scenario.
KŶĐĞ LJŽƵ ŚĂǀĞ ǁŽƌŬĞĚ ƚŚƌŽƵŐŚ ƚŚĞƐĞ ĞƋƵĂƟŽŶƐ ĂŶĚ ŽƚŚĞƌ ĂƐƉĞĐƚƐ ǁŝƚŚ LJŽƵƌ
ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ ĂŶĚ ƐĞůĞĐƚĞĚ LJŽƵƌ ƉƌĞĨĞƌƌĞĚ ůĞŶĚĞƌ͕ LJŽƵ ĐĂŶ ĂƉƉůLJ ĨŽƌ Ă ůŽĂŶ
pre-approval.
Finding a property
Contract of Sale
Pest Inspection
Pre-Approval Making an Offer/ Conditional Building Insurance Valuation Building and LMI Approval Unconditional Exchange Mortgage Pre-Settlement
of Contracts
Documents
Inspection
Phase
01 02 03 04 05 06 07 08 09 10 11
tŝƚŚ LJŽƵƌ ƉƌĞͲĂƉƉƌŽǀĂů Ăƚ ƚŚĞ ƌĞĂĚLJ͕ ƚŚĞ ůĞŶĚĞƌ ŚĂƐ ĂƉƉƌŽǀĞĚ LJŽƵ ĨŽƌ Ă
loan. The most important point here is that ƚŚĞLJ ĂůƐŽ ŶĞĞĚ ƚŽ ĂƉƉƌŽǀĞ ƚŚĞ
property you wish to buy ĂƐ LJŽƵƌ ƉƌĞͲĂƉƉƌŽǀĂů ǁŝůů ďĞ ƐƵďũĞĐƚ ƚŽ Ă ǀĂůƵĂƟŽŶ͘
dŚĞ ƉƌŽƉĞƌƚLJͲĮŶĚŝŶŐ ƉƌŽĐĞƐƐ
tŚŝůĞ ƚŚŝƐ ĐĂŶ ďĞ ƚŚĞ ŵŽƐƚ ĨƵŶ ĂƐƉĞĐƚ ŽĨ ďƵLJŝŶŐ Ă ƉƌŽƉĞƌƚLJ͕ ŝƚ͛Ɛ ŝŵƉŽƌƚĂŶƚ
ƚŽ ůŽŽŬ ƉĂƐƚ ƚŚĞ ĐŽƐŵĞƟĐ ĂƉƉĞĂů ŽĨ Ă ŚŽŵĞ ĂŶĚ Ăůů ƚŚĞ ďĞůůƐ ĂŶĚ ǁŚŝƐƚůĞƐ ŝƚ
ŵŝŐŚƚ ĐŽŵĞ ǁŝƚŚ͘ /ŶƐƚĞĂĚ͕ ĨŽĐƵƐ ŽŶ ƚŚĞ ůŽĐĂƟŽŶ ŽĨ ƚŚĞ ƉƌŽƉĞƌƚLJ ʹ ŝƐ ŝƚ ŝŶ Ă
ŐŽŽĚ ƐƵďƵƌď͍ /Ɛ ŝƚ ĐůŽƐĞ ƚŽ ƐĐŚŽŽůƐ͕ ƐŚŽƉƉŝŶŐ ĐĞŶƚƌĞƐ͕ ƉĂƌŬƐ Žƌ ŽƚŚĞƌ ůŝĨĞƐƚLJůĞ
ƉůĂĐĞƐ͍ ƌĞ ƚŚĞƌĞ ƋƵĂůŝƚLJ ǁŽƌŬ ŽƉƉŽƌƚƵŶŝƟĞƐ ŶĞĂƌďLJ͍
KĨ ĐŽƵƌƐĞ͕ LJŽƵ ŚĂǀĞ ƚŽ ĂůůŽǁ LJŽƵƌ ŚĞĂƌƚ ƚŽ ŚĂǀĞ ƐŽŵĞ ƐĂLJ͕ ďƵƚ ǁĞ ĂůƐŽ
recommend that you look at the sales history of the area. This is easier
ƚŚĂŶ LJŽƵ ŵŝŐŚƚ ƚŚŝŶŬ ĂŶĚ ĐĂŶ ďĞ ĚŽŶĞ ǁŝƚŚ Ă ƋƵŝĐŬ ƐĞĂƌĐŚ ŽŶ ǁĞďƐŝƚĞƐ ůŝŬĞ
realestate.com.au or domain.com.au.
dŚĞƐĞ ƐŝƚĞƐ ;Žƌ ͚ƉŽƌƚĂůƐ͛Ϳ ĂƌĞ ǁŚĞƌĞ ƚŚĞ ŵĂũŽƌŝƚLJ ŽĨ ŚŽŵĞƐ ĂƌĞ ĂĚǀĞƌƟƐĞĚ ĨŽƌ
ƐĂůĞ ĂŶĚ ǁŚĞƌĞ ŵŽƐƚ ƵƐƚƌĂůŝĂŶƐ ƐƚĂƌƚ ůŽŽŬŝŶŐ ĨŽƌ ƚŚĞŝƌ ŶĞdžƚ ƉƌŽƉĞƌƚLJ͘ KŶĞ ŽĨ
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