Negotiating to buy property
Smart negotiating could make the difference between getting the property you want or losing out to another buyer. You don’t want to pay more than you need to, but increasing your offer could secure that property.
Just as importantly, you don’t want to pay more than you can afford to borrow. An experienced mortgage broker can help you determine your borrowing capacity and corresponding home finance options.
Use the weekly repayment guide and consider how much an increased offer will really cost:
Weekly Repayment Guide
| If you increase your offer by | Your weekly mortgage repayments will increase by |
| $1000 | $1.38 |
| $2000 | $2.77 |
| $3000 | $4.15 |
| $4000 | $5.53 |
| $5000 | $6.91 |
| $6000 | $8.30 |
| $7000 | $9.68 |
| $8000 | $11.06 |
| $9000 | $12.44 |
| $10000 | $13.83 |
| $15000 | $20.74 |
| $20000 | $27.65 |
| $25000 | $34.57 |
*All figures are approximate only and apply only to the examples given. Figures based on a $300,000 loan on a 30 year loan term using an interest rate of 7% p.a. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
