RBA Cash Rate: 4.10% · 1AUD = 0.63 USD · Inflation: 2.4%  

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Home Loan Variable: 5.43% (6.02%*) • Home Loan Fixed: 5.14% (6.01%*) • Fixed: 5.14% (6.01%*) • Variable: 5.43% (6.02%*) • Investment IO: 5.59% (6.66%*) • Investment PI: 5.55% (5.96%*)

How to know if you’re paying a fair price

Consider engaging a buyers agent & getting home loan pre-approval

Understanding Property Value: A Guide for Home Buyers

Overpaying for a property can lead to:

  • Higher loan repayments
  • Stretched budgets
  • Potential funding shortfalls if bank valuations come in low

Determining Fair Market Value

Professional Valuation

  • Cost: $200-$600
  • Pros: Expert assessment
  • Cons: Expensive, time-consuming

DIY Research (Recommended)

  • Use real estate websites for median suburb values
  • Consider property-specific factors

Key Factors Affecting Property Value

  • Lot size
  • Number of bedrooms and bathrooms
  • Property condition
  • Parking availability
  • Orientation (north-facing preferred)
  • Energy efficiency features
  • Street characteristics
  • Views and outlook
  • Zoning and planned developments

Research Tips

  • Focus on recently sold similar properties
  • Compare final sale prices, not asking prices

Negotiation Strategy

  • Use your research to assess if the asking price is reasonable
  • Be prepared to negotiate, but act quickly to avoid losing the property

Final Steps

Consider engaging a buyers agent & getting home loan pre-approval

  • Helps you act quickly
  • Sets a clear buying limit
  • Allows confident negotiation

Remember, thorough research and careful consideration of property features will help you make an informed decision and avoid overpaying.

■ ■ ■

 
Download our 40-page First Home Buyer Guide. The book includes a large amount of information that will guide you during the buying process, and it provides you with information on your various finance options. 
FHB Cover, Updated April 2025
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Owner Occ. (Selected P&I Rates)
Interest*
5.14%
Comparison*
6.01%
   
5.39%
5.77%
   
5.39%
6.30%
   
5.49%
5.71%
   
Selected Invest Products (P&I)
Interest*
5.55%
Comparison*
5.96%
   
5.59%
6.57%
   
5.64%
6.45%
   
5.68%
5.97%
   
Selected Multiple Lenders (Fixed)
Interest*
5.14%
Comparison*
6.01%
   
5.39%
5.77%
   
5.39%
6.30%
   
5.49%
5.71%
   
Selected Multiple Lenders (Variable)
Interest*
5.43%
Comparison*
6.02%
   
5.68%
5.88%
   
5.74%
5.75%
   
5.74%
5.76%
   
Selected BIg-4 Lenders (Variable)
Interest*
5.90%
Comparison*
6.03%
   
6.04%
6.05%
   
6.14%
6.14%
   
6.19%
6.20%
   
Selected Invest Products (IO)
Interest*
5.59%
Comparison*
6.66%
   
5.64%
6.44%
   
5.69%
6.14%
   
5.79%
7.73%
   
Home Loan Variable: 5.43% (6.02%*) • Home Loan Fixed: 5.14% (6.01%*) • Fixed: 5.14% (6.01%*) • Variable: 5.43% (6.02%*) • Investment IO: 5.59% (6.66%*) • Investment PI: 5.55% (5.96%*)
Level 1, U17, 15-23 Brookhollow Avenue, Bella Vista NSW 2153
SYDNEY | MELBOURNE | BRISBANE | ADELAIDE

BuyInvestLive. ABN: 48638048343. Credit Licence: 555044. The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. BuyInvestLive head office is located at L1, U17, 15-23 Brookhollow Avenue Bella Vista NSW 2153.

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