Ray White Gladstone staff.
Ray White Gladstone staff. Brenda Strong

First home buyers gain quality information at free seminar

GLADSTONE'S first home buyers are gaining quality information as the region's professionals place more emphasis on how to take the first steps of delving into the property market.

Gladstone Ray White hosted a free information seminar at the Yaralla Sports Club two weeks ago and plans are already underway for the next information event.

The evening included specialists from the banking, building, pest and legal sectors.

Potential first home buyers heard from Suncorp Bank mobile banking manager Ally Ingram, Macdonald and Michel Lawyers solicitor Greg Macdonald and Ray White's Derran Corke.

Gladstone Ray White principal Andrew Allen said the major topics discussed were a huge relevance to first home buyers.

Professionals spoke on how much you can borrow to researching the market, finding your perfect home and the legal process around buying.

"We made it as buyer friendly as possible," Mr Allen said.

"What can be a complicated process - we tried to make it as straight forward as possible."

Mr Allen said the most important thing that people learnt was about finances.

"Having your finances in a position to purchase when you see the property you like," he said.

"We often see people go shopping for a home before they've spoken to a financier, only to secure the property and find out later that they can't purchase it."

With that in mind, Mr Allen said people should be cautious about using an online borrowing calculator.

"They provide a very general, broad indication of what you can borrow. It's best to get in and see your band or loan broker first."

When it comes to finance, the industry professional also highlighted that the more money you can save for a house deposit - the better.

He said one hidden cost of purchasing a home is member's mortgage insurance which anyone borrowing more than 80% of the purchase price usually finds themselves having to pay.

Mr Allen said buying your first home can be daunting.

"With all the legislation to purchasing a home now it can become almost too difficult for people."

But first home buyers need not fear with the right help.

"Provided you do the ground work with research and having a good real estate agent and financier to help you - it shouldn't become overwhelming," Mr Allen said.

Gladstone couple Hannah Ramsey and Adam Grant recently attended the information evening.

Ms Ramsey said they are planning to look into buying in about six months.

Ms Ramsey said it was a great night with plenty of valuable information.

"They should definitely do it again for other first home buyers," she said.

Stay tuned for updates on the next Gladstone Ray White first home buyers information event.



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