See the median prices of suburbs in Australia
Once you've been pre-approved for an amount of money, you should have a good idea of what your property budget will be. The next step is to do some real estate market research and see what suburbs and property types you will be able to afford.
This calculator will provide you with a list of suburbs that have median prices within your range. Simply fill out the section on how much you can borrow, then enter the loan amount and property details into the second tab.
Search with confidence
Knowing the suburbs that have properties within your price range is a great starting point to go out and begin your search. It also saves you from the disappointment and wasted time of viewing properties you can't afford.
Consider your specific needs
Whether this will be your first home or an investment property, you will need to consider a number of location-related aspects. Access to public transport, proximity to shops and schools are some of the most important things to consider.
Get a property valuation
After conducting in-depth research, if you find a property that you like but are still unsure of its real value, we recommend you get an independent valuation. Macquarie's mortgage specialists can help you with an RP Data property valuation that could help you during the negotiation of a property purchase.