How to Buy a Property

 
Buyer Guide

How to Buy
a Property

Buying a property is an exciting step, but it also comes with important decisions. This guide will help you understand the process, prepare with confidence, and know what to look for before making an offer.

 

Start with your budget and finance

Before you begin your search, speak with your broker, lender or finance consultant to understand your borrowing capacity, likely costs, and what price range is comfortable for you.

Having your finance organised early will help you move quickly when the right property comes along.

 
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Speak with our local team

Our experienced local team is here to guide you through every step of the buying process.

 
 
The Process

Steps to buying your property

Modern kitchen interior
01

Decide what you’re looking for

 

Think about your preferred location, budget, property type, size, and must-have features. It also helps to consider schools, work commute, lifestyle, and long-term plans.

Narrowing down your criteria early can make your search far more efficient.

02

Inspect properties carefully

 

Take the time to inspect properties properly and, where possible, visit more than once. Look at the condition of the home, the layout, natural light, surrounding streets, and anything that may require repair or upgrading.

Independent building and pest inspections are also worth considering before you commit.

Interior dining space
Outdoor landscaped area
03

Review the contract and due diligence

 

Before making an offer, ask for the contract of sale and Section 32 statement and have them reviewed by your solicitor or conveyancer.

It is also important to carry out your own due diligence so you understand any restrictions, risks or obligations that may affect the property.

 
Due Diligence

What to check before you buy

The contract of sale and Section 32 statement
Zoning, overlays, easements and restrictions
Building condition and any required repairs
 
Whether renovations or extensions appear to have approvals
Local area, access, neighbourhood and surrounding development
Your likely ongoing ownership costs
04
 
Making an Offer

Ready to make your move

Once you have found the right property and completed your checks, you can speak with the agent about making an offer.

Depending on the property, this may be by private sale or auction. Make sure you understand the process, your price limit, and any conditions before proceeding.

Your solicitor or conveyancer can help you understand the contract terms before you sign.

05
 
Settlement

Deposit, settlement and final inspection

If your offer is accepted, the next steps usually include signing the contract, paying the deposit, and preparing for settlement.

Before settlement, complete a final inspection to confirm the property is in the same condition and that any agreed inclusions remain in place.

Your conveyancer or solicitor will guide you through settlement and the legal transfer process.

 
 
Resources

Consumer Affairs Victoria

Helpful information on inspecting properties before you buy and completing your due diligence.

Important — This page is a general guide only and does not replace legal, financial, conveyancing, building or pest advice. Buyers should obtain independent advice before making any purchase decision.

 
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