Settlement Guide: how to purchase property?

Escalating property prices in Australia's major cities are making it difficult for first home buyers to get into the market. Knowing how to budget and doing your research can help remove some of the stress.

Home buying Source: Getty Images

The Federal Government's website is a good starting point for people planning to buy a property.

http://www.australia.gov.au/information-and-services/family-and-community/housing-and-property   

The Australian Securities & Investments Commission (ASIC) provides useful information for home buyers.

https://www.moneysmart.gov.au/life-events-and-you/life-events/buying-a-home

Budgeting advice is being provided by Consumer Affairs Victoria and Fair Trading NSW offers a list of topics for home buyers.

http://www.fairtrading.nsw.gov.au/ftw/Tenants_and_home_owners/Buying_property.page