Buying your next home

BUYING your next home can be daunting and sometimes the process is not made simpler when you are also trying to sell your current home. However there are some basic rules that can help you avoid many common and costly errors.

To avoid not only financial problems but a lot of stress, it is highly recommended that you sell your existing home before purchasing another. Here are some reasons why;

It lets you know exactly how much you can spend on the new home without stretching the budget too far.

It helps you realise the full potential of your current home by allowing you to get it market ready for sale.

It doesn't force you into accepting offers and underselling your current home.

Your current home is Capital Gains Tax free so every pre tax dollar saved is a dollar earned.

If you do decide to buy before selling your current home and the settlement dates don't match up, all is not lost. The simple answer is a bridging loan, this is a short-term loan using your current home and equity as collateral. The interest rate with this is slightly higher than the normal rate however it does help you out until your current home is sold and settled.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Country Club becomes the centre of power

GENERATION: Nationals Parliamentary Secretary for Renewable Energy Ben Franklin, presenting the funding to the Club - General Manager Andrew Spice, Golf Director Ian Wingad, Chairman Peter Tomaros, Treasurer Anne Slater, and Director Tony Dahl.

Grant to Shore emergency centre

An evening of Muslim Sufi music with Tahir Qawwal

LOCAL: Canadian-born Tahir Qawwal.

Qawwali is a form of Sufi devotional music from Pakistan and India

Beauty and the Beast as a ballet

TROUPE: Dancers Elise Jacques and William Douglas.

By the Victorian State Ballet

Local Partners