Step-by-Step Guide to Buying a Home

Buying a home is one of life’s biggest milestones — and in Australia, it comes with its own unique rhythm. Whether you’re a first-time buyer or seasoned investor, this guide breaks down the process into clear, actionable steps.

1. Pre-Approval: Know Your Borrowing Power

• Use ROVO Finance‘s smart calculators to estimate repayments
• Compare lenders and loan types
• Secure a pre-approval to show sellers you’re serious

2. Research & Property Selection

• Choose your location based on lifestyle, schools, or investment potential
• Attend inspections and ask the right questions
• Consider building vs buying established

3. Make an Offer & Sign the Contract

• Negotiate price and conditions
• Engage a conveyancer or solicitor
• Sign the contract and pay the deposit

4. Formal Loan Approval

• Submit documents: ID, income, liabilities, property details
• Lender performs valuation
• Receive formal approval

5. Settlement & Move In

• Review and sign loan agreement
• Transfer remaining funds
• Receive the keys and celebrate

Bonus Tips from ROVO Finance

• Stamp Duty: Budget for this state-based cost
• Grants: First Home Owner Grant, stamp duty concessions, and more
• Hidden Costs: Inspections, conveyancing, insurance, and moving fees

Ready to take the next step? Reach out to ROVO Finance for expert guidance tailored to your journey — whether you’re buying your first home or refining your investment strategy.