Established Home Loans

Buying Your New Home Starts Here
Purchasing an established home is often a simpler process than building a new one, and it’s become the preferred choice for many home buyers due to fewer complications and delays. One of the key benefits is that you can see exactly what you’re buying before settlement, rather than relying on a builder to bring your expectations to life from plans and drawings. This option is typically more convenient, as you can move in right after settlement, avoiding the potential for overlapping mortgage or rent payments that can occur when building a new home, which may take several months or even years. Additionally, there are no unexpected delays like those common with new builds, such as weather disruptions or supply chain issues.
Buying an established home also simplifies the valuation process for lenders, who can easily assess the completed property and compare it with similar sales in the area – often right from their desk. Another advantage is that the home loan process is more straightforward, with no progress payments. You’ll have one loan amount to cover the full property price, and once settlement is complete, you’ll begin making repayments (whether interest-only, principal and interest, etc.) on the total loan amount. However, buying an established home does have some potential downsides. The property may not be designed to your specific needs and could require renovations to make it more suitable. Additionally, there may be hidden issues that aren’t apparent during your inspection. Depending on the home’s age, you could face unexpected repairs or renovations down the road. I always recommend a thorough building and pest inspection before purchasing any existing property, carried out by licensed professionals. While it’s impossible to uncover every potential issue without a more invasive investigation, a good inspection report should highlight any visible major concerns at the time. Ready to take the next step? Get in touch using the form below!

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Starting The Home Buying Process

01.
Save For A House Deposit Or Ask Family For Help
You can use various options, such as cash savings, guarantor loans, or financial gifts from family members, to help you secure your new home. Reach out for more details!
02.
Work Out What You Can Afford To Borrow
By entering your income and expenses into my calculators, you can get a clear understanding of your borrowing capacity and eligibility before you begin your property search.
03.
Research The Market And Find Your Best Rate
When you work with a financial broker like myself, I can compare hundreds of loan products from over 20 accredited lenders, ensuring I find the best options for you that suit your needs.
04.
Start Searching For Your New Home
Now that you know your borrowing power and estimated repayments, you can confidently start searching for your new home within your budget.

Contact The Wandering Broker

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Kelly Bowles - The Wandering Broker Mobile: 0487 279 952 Email: info@thewanderingbroker.com.au Post: PO Box 7278 Loganholme QLD 4129 Disclaimer | Privacy Statement © Copyright 2025 The Wandering Broker all rights reserved.
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TWB CO PTY LTD trading as The Wandering Broker Australian Credit Representative Number: 555660 ABN: 97 238 027 627 ACN: 673 504 008 Kelly Bowles, trading as The Wandering Broker, is authorised as a Australian Credit Representative to engage in credit activities on behalf of Vow Financial Pty Ltd ABN 55 138 789 161 (Australian Credit Licence Number 390261).