Step 2. How much house for your money

Now that you know your budget, it’s time to determine how much ‘home’ it’s likely to buy you – and the suburbs you can afford to live in. The real estate section in newspapers, local papers and real estate agents themselves are all uMMFinanceul sources of pricing information, but when it comes to getting comprehensive comparative sales information, it’s hard to go past Australian Property Monitors (APM), a joint venture between the publishers of “Your Mortgage” magazine and John Fairfax & Sons.

APM publishes Sydney , Victorian, Canberra and Perth Home Price Guides. Expanding the service even further, the Home Prices Guide will soon be expanded to cover all of Queensland from the distant outback of Mount Isa through to the high-rise apartments of the Gold Coast.

APM systematically tracks residential property activity from a variety of sources including government and semi-government agencies, real estate advertising, real estate agents and the company’s own researchers. This vast base ensures APM’s databases contain the latest and most detailed property information available.

Each Home Price Guide lists recorded residential sales in the previous 12 months and details the full address of the property, the type of property, descriptive features of the home and exact sales date and sales price paid by the buyer.

If the home of your dreams in your desired suburb is too pricey, it’s time to either lower your expectations or save some more money. However, remember that while you are saving more money, prices can often increase at a similar (or faster) pace.

It’s important to remain flexible with your housing demands because it’s simply impossible for everyone to purchase their dream home immediately. Sometimes it is better to settle for something that isn’t perfect, pay it off quickly and then step up to a better home down the track.

What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA

 

LENDING UPDATE 14.06.19

  • LIVING EXPENSES ARE NOW A KEY ISSUE
  • COMPREHENSIVE CREDIT REPORTING NOW IN EFFECT
  • INVESTMENT LOANS AT OWNER-OCCUPIER INTEREST RATES
  • REVERSE MORTGAGE LOANS FOR SENIORS OVER 60
READ MORE

Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans