Home Buying - Where Do You Start?

Getting a loan may be challenging and require a long-term commitment. Our financial advisors can help you make an informed decision, as this long-term commitment could affect your cash flow and quality of life. We aim to help you create a realistic budget with a buffer, including insurance protection plans to guard you and your family against financial hardship if you become ill or experience a severe event and cannot meet your regular repayment obligations.

Start with the Moneysmart Mortgage Calculator from the federal government to get a better understanding of your budget. It’s a great tool to help you make informed decisions.


Where to start?

Buying a home in Australia can be difficult. Some potential options for beginners include saving a 20% deposit, using equity from family/loved ones, or applying for government home buyers schemes. Each has pros and cons, with many first-home buyers opting to use family properties. Our goal is to assist clients in understanding the financial benefits of each option, helping them save money and time.

Do you need insurance?

Our risk specialists can assist you by calculating the necessary insurance coverage to safeguard you or your family. It is important to note that a loan is a debt, and you can only make payments when you have a dependable income. Before you borrow money, consider how you would be able to meet your debt requirements if your income was to cease due to any unexpected event.

Do you first speak to a bank or a broker?

When looking for a loan, speak to a bank, mortgage broker or financial adviser. We can introduce you to an ethical broker or lender and work with your preferred broker to implement your strategy. Our advisers can help you create a budget and cash flow management plan to understand the loan repayment timeline. Be mindful of how the broker or financial adviser is paid and that their loan recommendation is based on your goals, not commissions. We can provide guidance on the best way to proceed.

What are the support systems available through the Australian Government?

Home Buyers Schemes are grants the Australian State and Federal Government offers to assist eligible Australian residents in entering the property market. Australian citizens or permanent residents who have not previously owned a home and are purchasing a newly-built or off-the-plan property may qualify for the First Home Owner Grant and the First Home Loan Deposit Scheme.

ANIG WM is the home of professional Financial Planners and SMSF-accredited Advisers. With our personalised approach, you can trust that your financial future is in good hands.

Message from our specialist debt structuring and nominated property advisers

Our team can create a personalised financial plan for you. We understand the importance of ethical property advice and offer clarity to help you reach your long-term goals. Our authorised financial advisors and nominated property experts can help you get where you want to be. Contact us today to discuss your needs and have a plan tailored to your unique situation.