Where to next, it’s important to establish your budget. When working out your budget you’ll need to factor in extra costs such as conveyancing, taxes, duties and fees.  

We recommend that you contact your bank or a mortgage broker to find the right type of loan to suit your needs. Once again, our team can help you out with recommending a mortgage broker that’ll be able to step you through the financing process and applying for a home loan.

If you can obtain a pre-approval it will make things a lot easier once you find your preferred lot of land. Rebates or grants may also be available, and more information on these can be found at www.sro.vic.gov.au. It is important you ask lots of questions and have your lender explain the loan process to you thoroughly.