THE GUIDE TO BUYING A HOME
Step 2 – What Can I Afford to Buy?
Knowing your financial position will help you determine how much you can borrow, so you can start setting realistic expectations in terms of what house you can look at potentially buying.
Click on the links below to help you calculate how much you can afford:
You will also need to factor in the cost of legal fees and various property inspections (e.g. building, pest, strata) which may cost you an extra $2,000 to $3,500 (costs will vary depending on your individual circumstances).
If you get stuck with this step, continue onto the next step and your Mortgage Provider can work it all out for you.