Home Loans Australia :: Articles

Top 10 Mistakes First-Time Home Buyers in Australia Should Avoid

Top 10 Mistakes First-Time Home Buyers in Australia Should Avoid

Top 10 Mistakes First-Time Home Buyers in Australia Should Avoid
Embarking on the journey to buy your first home is both an exciting and significant milestone in Australia. However, the process is also complex, and the learning curve can be steep for first-time home buyers. Being thoroughly informed is key to navigating the housing market's intricacies and can help elude the common missteps that befall many novices.

Without a solid foundation of knowledge, first-time buyers are vulnerable to a multitude of errors, from choosing the wrong type of mortgage to underestimating additional costs. These mistakes can lead to financial strain, or worse, jeopardize the entire investment. It's essential to enter the real estate market with eyes wide open, ready to make educated choices.

From overlooking necessary property inspections to misunderstanding interest rates, the pitfalls are abundant. Many buyers get emotionally attached to a property and often ignore budget constraints or future planning. Recognizing these common errors is the first step toward avoiding them.

By learning about these top 10 mistakes, you'll set yourself up for a smoother, more confident home-buying experience. This knowledge will empower you to make well-informed decisions, mitigate unnecessary risks, and move forward on this life-changing path with certainty and assurance.

Mistake 1: Not Doing Enough Research

Underestimating the Importance of Market Research and Local Insights

One of the most common mistakes when purchasing a home for the first time is neglecting thorough market research. The real estate market varies significantly from one suburb to another, and even from street to street within the same neighborhood. Accessing local insights, such as property value trends and neighborhood developments, is crucial for making an informed decision.

The Significance of Understanding Interest Rates and Home Loan Terms

Another overlooked aspect is the intricacies of home loans and interest rates. Terms of loans can be perplexing, with fixed and variable rates, redraw facilities, and offset accounts. A clear understanding of how interest rates affect your repayments over time is fundamental. It's often the difference between a flexible financial future and one hampered by debt.

Resources and Tools Available for Market Research

Fortunately, numerous resources are available to aid first-time home buyers. Online databases provide property sale histories, while various tools can simulate mortgage scenarios to help buyers understand potential financial commitments. Utilizing these resources alleviates the likelihood of being caught unprepared and eases the stress of decision-making.

Mistake 2: Overlooking Additional Costs

Understanding the Hidden Expenses of Buying a Home

It's not just the sale price that affects your wallet; many first-time home buyers fail to account for the slew of additional expenses that accompany a property purchase. These can include stamp duty, which varies by state and property value, as well as inspection costs that ensure the house is structurally sound and free of pests. Conveyancing fees, necessary for the legal transfer of ownership, are also often under-considered.

How to Prepare and Budget for These Unexpected Costs

Setting up a comprehensive budget is paramount. Beyond the deposit, allocate funds for these ancillary costs that can accumulate quickly. Experts generally advise allocating an additional 5-10% of the purchase price to cover them. It’s important to familiarize oneself with the requirements specific to the area you are purchasing in, as this will affect the total sum you need to prepare for.

The Consequences of Underestimating Additional Home-Buying Expenses

Ignoring these added expenses doesn’t make them disappear. Underestimating can lead to a significant financial shortfall when these bills come due. Long-term, this misunderstanding can endanger your ability to meet mortgage repayments and other homeowner commitments, potentially resulting in financial distress. A diligent approach to budgeting for these costs ensures a more secure and stable entrance into homeownership.

Mistake 3: Not Getting Pre-Approval

The Benefits of Having a Pre-Approved Loan

Navigating the property market without a pre-approved loan is like sailing a ship without a compass. Pre-approval, essentially a lender's promise to loan you a certain amount, provides a clear idea of your budget. It allows first-time home buyers to shop with confidence, knowing exactly what they can afford.

Beyond budget clarity, pre-approval signals to real estate agents and sellers that you are a serious contender. This can be especially beneficial during negotiations, as it shows the seller that your offer is backed by a lender's tentative commitment.

How Pre-Approval Can Give Buyers a Competitive Edge

In Australia's often competitive property market, having pre-approval can set you apart from other buyers. In a scenario where multiple parties are interested in a property, those with pre-approval are typically viewed as safer bets by sellers. This can give buyers the upper hand in a bidding war or when making an offer on a coveted home.

Furthermore, with a pre-approved loan, transactions can proceed more quickly, a tempting prospect for sellers who are eager to close. This demonstrates not only financial readiness but also a commitment to act decisively, an attractive trait in fast-moving markets.

The Process of Securing Pre-Approval from Lenders

The pathway to securing pre-approval involves submitting financial information to a potential lender, including income, debts, assets, and credit history. This enables the lender to assess your borrowing power. While the process might appear daunting, it is a critical step that could save time and effort in the long run.

It's essential to note that pre-approvals are usually valid for a specific period (commonly 3-6 months) and are subject to a full valuation of the property in question. As such, buyers should keep their financial situation stable after gaining pre-approval to avoid any complications when moving forward with a purchase.

Mistake 4: Being Unrealistic About Budget

The Danger of Stretching Finances Too Thin and the Risk of Mortgage Stress

Many first-time home buyers fall into the trap of overcommitting financially, drawn by the allure of their dream home. Giving in to this temptation can lead to mortgage stress, where a disproportionate amount of income is consumed by loan repayments. This can leave homeowners vulnerable to unexpected life events or market fluctuations, such as a rise in interest rates or a sudden need for home repairs.

Importance of a Buffer for Interest Rate Changes or Personal Circumstances

Creating a realistic budget means not only can you afford the current repayments, but also that you have the financial resilience to handle future changes. A prudent financial plan includes a buffer to cushion against potential interest rate hikes and unforeseen personal circumstances, such as job loss or illness. Adjusting your sights to a home you can comfortably afford, with room for the unexpected, is a sensible approach to long-term financial health.

Tools for Accurate Budget Planning and Considerations for Future Financial Security

Utilising online budget planners and mortgage calculators can offer a clearer picture of what you can afford, helping to avoid an unrealistic budget. These tools take into account your income, debts, and spending habits to provide an estimate of a manageable mortgage repayment amount. It's also wise to forecast future financial obligations, such as education costs, retirement savings, and home maintenance. By planning for these life milestones in advance, you can secure not just a house, but also your family’s financial future.

While it's easy to get caught up in the excitement of purchasing a first home, remaining grounded in financial reality is essential. An unrealistic budget can quickly turn the dream of homeownership into a burden. Careful planning and foresight are your best defenses against this common pitfall.

Mistake 5: Underestimating the Value of a Good Location

The Implications of Location on Property Value and Lifestyle

The adage 'location, location, location' continues to hold true in the real estate world, emphasizing that where a home is situated is paramount. A desirable location can influence not only the current property value but also predict future appreciation. This aspect of the home-buying decision can also greatly affect your daily lifestyle, from commute times to the quality of local schools, amenities, and even community culture.

A good location often delivers greater returns on investment through consistent demand, making it easier to sell the property in the future, should the need arise. It's not solely about the home itself, but the benefits and conveniences that surround it, which contribute to a fulfilling living experience.

Factors to Consider When Evaluating the Location of a Potential Home

When assessing the location of your potential new home, it's crucial to consider various factors that contribute to both the quality of life and the potential for property value growth. Look at the proximity to essential services such as healthcare facilities, shopping centers, public transport options, and educational institutions. Additionally, check into crime rates, planned local developments, and even the overall ambiance of the neighborhood.

Also, consider personal preferences and needs. For example, if you're someone who loves the outdoors, proximity to parks and recreational areas should be high on your list. For families, the reputation and catchment zones of local schools will be a significant consideration. Think long-term and envision how your needs might evolve over time.

Navigating the Trade-off Between Price and Location

Finding the balance between affordability and the ideal location can often be one of the trickiest aspects for first-time buyers. Prime locations come with a higher price tag, which may mean compromising on the size or condition of the home to stay within budget. On the other hand, opting for a less expensive home in a less ideal location might afford you more space but could cost you more in daily travel or even affect resale value down the line.

To navigate this trade-off, it's important to prioritize what is most important to you and what you're prepared to compromise on. Consider the long-term implications of your decisions, and remember that some inconveniences can be remedied with renovations or upgrades to the home, while a location cannot be changed. Each choice has its trade-offs, so understanding your own priorities is key.

Mistake 6: Ignoring the Need for Inspections

The critical role of property inspections in identifying hidden problems

Property inspections are an integral part of the home buying process, serving as a safeguard against purchasing a property with costly, hidden defects. Many first-time home buyers, either in an effort to save money or due to ignorance of their importance, skip this step, only to encounter unpleasant surprises down the road. A thorough inspection can reveal issues like structural damage, problematic plumbing, electrical faults, and infestations, which could considerably affect the property's value and livability.

How to find and select a reliable building inspector

Choosing a reliable building inspector is as crucial as the inspection itself. Begin by seeking recommendations from trusted professionals like real estate agents or solicitors, and look for inspectors with strong reputations and the necessary accreditations. Always confirm that the inspector is insured and ask for a sample report to ensure it's comprehensive. Before hiring, discuss what the inspection entails, how long it will take, and how much it will cost, to ensure full transparency.

In Australia, a variety of inspection types may be recommended, including pre-purchase building inspections, timber pest inspections, and compliance checks. Make sure that your chosen inspector can perform the relevant inspections for the property in question.

Understanding the potential cost and headache of skipping this step

The upfront cost of a property inspection can prevent exponentially greater expenses down the line. Skimping on this critical step can lead to unanticipated repair bills, an inability to negotiate the price down for identified issues, or even to an entire real estate transaction falling through. Understanding the property's condition empowers you to make an informed decision about proceeding with the purchase, renegotiating the price, or walking away.

Sometimes, initial appearances can be deceiving, and what might seem like a minor issue could be indicative of a larger, systemic problem. For peace of mind and to ensure a sound investment, diligent buyers recognize that a comprehensive property inspection is indisputable.

Mistake 7: Becoming Emotionally Attached

Recognizing the Risk of Emotional Decisions in the Home-Buying Process

Falling in love with a property at first sight is a common occurrence among first-time home buyers, but allowing emotions to lead the way can be a precarious approach. Emotional attachment can cloud judgment, causing buyers to overlook practical deficiencies or bid beyond their means. It is essential to recognize the long-term commitment and financial implications of purchasing a home and to approach this significant investment with a clear, level-headed mindset.

Strategies for Maintaining Objectivity During Property Viewings and Negotiations

To prevent emotions from dictating the decision-making process, it is wise to have a set list of non-negotiable criteria that a property must meet before considering an offer. This can include aspects such as location, size, price, and state of repair. Bringing a trusted friend or family member to viewings can provide an unbiased second opinion. Additionally, setting a maximum bid before entering negotiations can act as a safeguard against getting swept up in the heat of a bidding war.

When it comes to negotiations, maintain focus on the facts and figures. Prepare by researching comparable sales in the area and by having a comprehensive understanding of your financial limits. Stick to your predetermined budget and evaluation of the property's worth, irrespective of emotional impulses. Professional advice from real estate agents or financial advisors can also help maintain an objective perspective.

Tips for Balancing Emotional Desires with Practical Considerations

While it's important not to let emotions dictate your home-buying decisions, acknowledging your emotional response to a property can be beneficial. After all, a home should feel right. The key is to balance these feelings by ensuring that the property also ticks the practical boxes. Compartmentalize the emotional aspects and question whether the property meets your predetermined set of criteria. For every thrilling feature, consider the practicalities: Will it suit your lifestyle five years from now? Does it meet the needs of your family?

Rely on the data and advice from professionals to fortify your position. Remember, while the aesthetic appeal of a property can always be modified over time, the fundamental attributes, like location and layout, are usually fixed. By striking the right balance, you can find a home that not only delights your heart but is also a sound financial decision.

Mistake 8: Overlooking Loan Features and Flexibility

An Exploration of Different Mortgage Features That Can Benefit First-Time Buyers

First-time home buyers often focus solely on finding the lowest interest rate when choosing a mortgage. While a low rate is appealing, other loan features can offer significant benefits and adaptability over the life of the loan. Features such as offset accounts, redraw facilities, and the ability to make additional repayments can dramatically influence the total interest paid and provide considerable financial flexibility.

An offset account is a transaction account linked to your mortgage, where the balance offsets the loan amount, reducing the interest you pay. A redraw facility allows you to withdraw any additional repayments you have made, which can be beneficial in emergencies. The ability to make extra repayments can help reduce the principal faster, saving on interest over time.

The Importance of a Home Loan That Can Adapt to Changing Needs Over Time

Life is unpredictable, and financial situations can shift—the mortgage that suits you now may not be the best fit in five or ten years. Therefore, it's important to consider how adaptable a loan is to your changing circumstances. For instance, loans that offer the ability to switch between fixed and variable rates can provide security in unstable economic times or allow you to take advantage of lower rates when the market shifts.

Some mortgages also offer a repayment holiday feature, which allows you to take a break from repayments during significant life events such as having a baby or changing jobs. However, it's crucial to understand the conditions and long-term impact on your mortgage of using such features.

Comparing Loans Beyond Just the Interest Rate to Understand True Value

The true cost of a mortgage often involves more than the advertised interest rate. Fees, charges, and the flexibility of loan features should all be considered to evaluate the true value of a home loan. An attractive interest rate might be offset by high fees or limited functionality, whereas a slightly higher rate with beneficial features could save you more in the long run.

When comparing loans, use comprehensive loan comparison tools that include all fees and potential savings from features, not just the interest rates. Speak with a financial advisor or mortgage broker to understand the fine print and ensure that you select a home loan that is not only competitively priced but also aligns with your future financial goals and potential lifestyle changes.

Mistake 9: Not Considering Future Plans

How Life Changes Can Affect Housing Needs and the Importance of Forward Planning

Life’s constant evolution often necessitates changes in housing needs. For first-time home buyers, it is crucial to consider not just your immediate requirements but also how your needs may evolve. Anticipating life events such as starting a family, career progression, or even retirement can significantly impact the type and location of the home you choose. Forward planning can ensure your home continues to align with your lifestyle, preventing the need for costly moves or renovations in the future.

Maintaining Flexibility for Growing Families, Job Changes, or Relocation

It's important to select a home that offers the flexibility to adapt to potential changes in your personal circumstances. For those planning to start or grow a family, considering extra bedrooms, outdoor space, and proximity to quality schools will be advantageous. Similarly, for career-oriented buyers, considering the potential for job changes or relocations may influence the desire for a commutable distance to employment hubs or transport connectivity.

Moreover, homes with versatile spaces can adapt to different life stages—for instance, what serves as a home office today can become a nursery tomorrow. Ensuring the potential for rooms to serve multiple purposes over time can save you from seeking more suitable accommodations as your life unfolds.

The Potential Financial Implications of Disregarding Future Needs

Overlooking future plans can lead to financial strain if your home no longer suits your needs. Should a move become necessary, transaction costs such as stamp duty, real estate agent fees, and moving expenses can quickly add up. Moreover, if market conditions are not favorable at the time of sale, you might not recoup your initial investment or incur losses. Planning ahead for the long term can help avoid these financial pitfalls and provide peace of mind.

While forecasting your future needs may not be an exact science, considering a range of possibilities will allow for a more informed and flexible approach to home buying. A prudent buyer thinks ahead, understanding that a home is not just a purchase for today but an investment in the future.

Mistake 10: Not Seeking Professional Advice

The Advantages of Consulting with Mortgage Brokers, Financial Advisors, and Real Estate Experts

Navigating the complex world of real estate, home loans, and legalities can be overwhelming for first-time home buyers. Professional advice from mortgage brokers, financial advisors, and real estate experts can be invaluable in making informed decisions and securing the best possible terms. These professionals have the expertise to guide you through the maze of rates, products, and negotiation strategies, which can be daunting for those not regularly immersed in the property market.

Mortgage brokers, for instance, have access to a range of loan products and can help you find a mortgage that fits your specific financial situation. Financial advisors can offer advice on budgeting and planning for your future, while real estate experts can provide insights into the property market, helping you locate homes that meet your needs and budget.

How Professional Guidance Can Save Time, Money, and Stress

The right professional advice can streamline the home-buying process, saving you time and potentially a significant amount of money. Experts can point out pitfalls and opportunities you might not have considered, negotiate on your behalf, and provide clarity on the complex terms and conditions of mortgages and property contracts. They can also help structure your finances to ensure that you're not stretched too thin, reducing the likelihood of encountering stress and financial strain in the future.

Moreover, the right professionals can help you capitalize on financial programs or rebates that you may not have been aware of, further economizing the purchase. Their objective is to align your purchase with your financial and lifestyle goals, thereby promoting peace of mind throughout what can otherwise be a stressful process.

Identifying Credible and Trustworthy Professionals in the Industry

Finding credible and trustworthy professionals is fundamental to obtaining sound advice. Researching their qualifications, experience, and reputation is crucial. Start by seeking referrals from your network or reading online reviews and testimonials. It's also advisable to check their regulatory body for accreditations and to ensure they do not have a history of complaints or disciplinary actions.

It's important to meet with several professionals before making a decision, as this will give you a sense of their communication style and whether they understand your unique needs. Ask plenty of questions to determine their experience with clients similar to you and to gauge their ability to provide personalized advice. Above all, ensure that they are transparent about their fees and the services they will provide. Seeking the right professional support can make all the difference in successfully navigating your first home purchase.

 

Embarking on the journey of buying your first home is a landmark event brimming with opportunities as well as potential pitfalls. This comprehensive guide has underscored the importance of being well-informed and cautious to ensure that this significant life decision is both financially and personally rewarding.

We have navigated through the top 10 mistakes that first-time home buyers should diligently avoid, starting with the lack of adequate research and preparation, progressing towards financial missteps such as overlooking additional costs and underestimating the significance of loan features. Furthermore, we have delved into the more subtle aspects such as the emotional entanglements that can cloud judgment and the failure to contemplate the future implications of your home-buying choices. All these insights aim to furnish you with a resilient framework for making one of the most important investments of your life.

The value of professional advice has been recurrently emphasized, not only in mitigating risks but also in enhancing the overall home-buying process. Mortgage brokers, financial advisors, and real estate experts are invaluable allies with their depth of experience and knowledge, helping you to traverse this complex terrain with a reliable compass in hand.

As you stand on the precipice of homeownership, remember that while the lure of the perfect home is strong, your ultimate decisions should be anchored in hard facts and a clear understanding of your financial reality. The market is ripe with possibilities, and armed with the guidance from this article, you are better positioned to make choices that are both prudent and pleasing.

We heartily encourage you to utilize comparison services and to seek the counsel of experts; their perspective can be the keystone to not only securing your home but ensuring it’s a bastion of stability and joy for the years to come. Begin your home-buying adventure equipped with knowledge, bolstered by professional guidance, and inspired by the promise of a future woven with your dreams and realistic ambition.

Published: Thursday, 22nd Feb 2024
Author: Paige Estritori


Home Loans Articles

Exploring Different Refinancing Strategies to Ease Your Mortgage Stress Exploring Different Refinancing Strategies to Ease Your Mortgage Stress
When it comes to managing finances, one of the biggest stressors for homeowners is their mortgage. In Australia, many individuals and families struggle with mortgage stress, which can have a significant impact on their overall financial well-being. - read more
The Insider’s Guide to Reducing Mortgage Stress and Staying on Track The Insider’s Guide to Reducing Mortgage Stress and Staying on Track
Mortgage stress is a common concern among homeowners worldwide, with the potential to cause significant financial and emotional strain. It often occurs when mortgage repayments consume a large portion of your income, leaving little room for other expenses and causing anxiety over financial security. The impact of not managing this stress can be far-reaching, affecting not only one's financial health but also overall wellbeing. - read more
How to Leverage the First Home Owner Grant in Your Home Buying Journey How to Leverage the First Home Owner Grant in Your Home Buying Journey
Welcome to the pathway of becoming a homeowner in Australia! If you're a first-time buyer, there's a good chance you've heard of something called the First Home Owner Grant (FHOG). It's a pivotal element in the home buying conversation, and for good reason. Navigating through real estate jargon and financial assistance programs can be confusing, but understanding the FHOG can significantly impact your purchasing power and overall experience in acquiring your dream home. - read more
Top 10 Mistakes First-Time Home Buyers in Australia Should Avoid Top 10 Mistakes First-Time Home Buyers in Australia Should Avoid
Embarking on the journey to buy your first home is both an exciting and significant milestone in Australia. However, the process is also complex, and the learning curve can be steep for first-time home buyers. Being thoroughly informed is key to navigating the housing market's intricacies and can help elude the common missteps that befall many novices. - read more
Avoiding Common Pitfalls: How to Streamline Your Home Loan Pre-approval Avoiding Common Pitfalls: How to Streamline Your Home Loan Pre-approval
Stepping into the realm of homeownership begins with a critical financial milestone: securing home loan pre-approval. This inaugural step paves the way for homebuyers to gain a clear understanding of their borrowing capacity, directly influencing their purchasing decisions. In Australia, where the real estate market teems with competitive energy, effective navigation through the pre-approval process offers a competitive edge. - read more
Unlocking the Hidden Value of Your Mortgage Offset Account Unlocking the Hidden Value of Your Mortgage Offset Account
A mortgage offset account is a financial product that allows homeowners to use their savings to reduce the interest charged on their mortgage. It is a transaction account linked to your mortgage, and the balance in this account is offset against your outstanding mortgage balance when calculating interest charges. - read more
Understanding Stamp Duty: What First-Time Buyers in Australia Need to Know Understanding Stamp Duty: What First-Time Buyers in Australia Need to Know
Welcome to the exciting and sometimes complex world of real estate in Australia! If you are on the cusp of purchasing your first home, you've probably heard about stamp duty. But what exactly is it? Stamp duty is a form of tax imposed by Australian states and territories on property transactions. This tax is usually a percentage of the property purchase price or market value and is a legal requirement for most property sales. - read more
The Investor's Toolkit: Managing Risks in Investment Property Financing The Investor's Toolkit: Managing Risks in Investment Property Financing
Welcome to our comprehensive guide on navigating the complexities of investment property financing. In Australia, property investment has long been regarded as a favoured strategy for wealth creation and financial security. However, this path comes with its unique set of challenges and risks that must be carefully managed to ensure a successful investment journey. - read more
The Insider’s Guide to Reducing Mortgage Stress and Staying on Track The Insider’s Guide to Reducing Mortgage Stress and Staying on Track
Mortgage stress is a common concern among homeowners worldwide, with the potential to cause significant financial and emotional strain. It often occurs when mortgage repayments consume a large portion of your income, leaving little room for other expenses and causing anxiety over financial security. The impact of not managing this stress can be far-reaching, affecting not only one's financial health but also overall wellbeing. - read more
Common Mistakes First-Time Home Buyers Should Avoid Common Mistakes First-Time Home Buyers Should Avoid
Purchasing a home is likely the most significant financial decision you'll make in your lifetime. - read more

Finance News

Rethinking Financial Advice: The Shift to Episodic Engagement Rethinking Financial Advice: The Shift to Episodic Engagement
09 Dec 2024: Paige Estritori

Amid evolving client expectations, the financial services sector is seeing a major shift in how Australians prefer to receive financial advice. Emerging evidence suggests that episodic, one-time consultations are becoming more favored over traditional full-service options. - read more
Leadership Transition at ANZ: Nuno Matos Takes the Helm Leadership Transition at ANZ: Nuno Matos Takes the Helm
09 Dec 2024: Paige Estritori

The banking world is set for a significant shift as Shayne Elliott, the esteemed chief executive of Australia and New Zealand Bank, relinquishes his role after nearly a decade of strategic leadership and transformation. Elliott first joined ANZ in 2009, navigating through roles of global managing director and chief financial officer before taking up the chief executive mantle in 2015. - read more
Australia's Long-Term Mortgage Strategy: A Double-Edged Sword Australia's Long-Term Mortgage Strategy: A Double-Edged Sword
06 Dec 2024: Paige Estritori

Housing affordability in Australia is hitting unprecedented lows as both buying and renting costs continue to surge. In response to this crisis, financial institutions are rolling out new strategies designed to make mortgages more accessible, albeit with long-range financial implications for consumers. - read more
Australian Dollar Tumbles Amid Global Economic Shifts Australian Dollar Tumbles Amid Global Economic Shifts
05 Dec 2024: Paige Estritori

As global market dynamics continue to shift, the Australian dollar has recently plummeted, reaching a six-month low. Investors are closely monitoring these developments, considering the various forces at play and their potential impacts. - read more
AMP's Transition Showcases Adviser-Centric Rebranding Strategy AMP's Transition Showcases Adviser-Centric Rebranding Strategy
03 Dec 2024: Paige Estritori

AMP is undergoing a significant transformation, with a forthcoming rebrand of AMP Advice and AMP Financial Planning. Spearheaded by Matt Lawler, now CEO of what is tentatively called NewCo, this transition includes working closely with advisers to ensure their voices are essential in shaping the future of the brand. 'This process is set to be particularly democratic,' said Lawler, highlighting the collaborative approach. - read more

Need Help Finding a Home Loan?
Get your free home loan eligibility assessment and compare offers tailored specifically to your circumstances.
Loan Amount:
Postcode:
All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase
Margin Call:
A demand by a broker that an investor deposit additional money or securities into the account to cover possible losses.