From setting a budget through to settlement day, your step-by-step guide to buying property in Brisbane.
The Brisbane property market moves fast. This step-by-step guide walks you through the full buying process.
Before you look at a single property, understand exactly what you can borrow. Use our mortgage calculator to estimate repayments. Factor in stamp duty, legal costs and a building and pest inspection into your total budget.
Use our suburb reports to compare growth rates, days on market and median prices. Consider school catchments, proximity to CBD and access to transport. Shortlist 3 to 5 suburbs before viewing properties.
A pre-approval gives you a clear budget ceiling and makes you a more credible buyer at auction. Most pre-approvals last 90 days. Use a mortgage broker to compare multiple lenders.
Check for structural issues, water stains, roof condition and natural light. Ask the agent when the property was last renovated, the water rates and body corporate fees where applicable.
Always get a solicitor or conveyancer to review the contract before you sign or bid. In Queensland, private treaty sales have a 5-business-day cooling-off period. Auction purchases are unconditional and binding immediately.
Commission an independent building and pest inspection before going unconditional. In Brisbane, particularly for older Queenslanders, termite activity and subfloor issues are common. Budget $400 to $800.
If buying by private treaty, submit an offer with conditions. If buying at auction, ensure finance is fully approved and all inspections are complete before bidding. Know your walk-away price before you enter the room.
Settlement typically occurs 30 to 45 days after signing in Queensland. Do a pre-settlement inspection in the final days to ensure the property is in the agreed condition.
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