What’s the difference between Prime Cost or Diminishing V... Two methods can be applied when depreciating property, the Diminishing Value (DV) and Prime Cost (PC) method.
Read more

Should we sell before we buy?

It’s a wise idea to find a buyer for your current home before purchasing another.
  • That way, you’ll know exactly what price you’ve achieved so you can budget effectively for your next property
  • If you buy first, you may find yourself in the position of making repayments on two houses at the same time
  • If your current home doesn’t achieve the price you expected, you may come under unnecessary financial strain
  • Research your loan options with a financial advisor or mortgage broker.  If you’ve sold your existing property, but not yet settled, a Deposit Bond could be the most cost-effective way of financing the deposit for your downsizing property
  • Think about whether you’d prefer to keep your first property, rent it, then use the income to help finance your next home
Back to questions