follow us
Planning your next holiday? Find an ATAS accredited agent here » ATAS Logo


If you're a new user and do not yet have a username/login.

Register Now

Participant Zone

Accredited ATAS participants click here for access to the secure business support area.


Returning users log in to commence or access your ATAS application.

My AFTA Login

News Hub

« Back

Tips for Breaking into the Property MarketThinking of getting into the property market?

Unless you’ve been hiding under a rock, you’ll know that the Australian property market is booming and continues to be an attractive investment of your hard-earned cash.

Given growth and speed of the Australian property market, the initial investment required to get into it can be higher than under normal circumstances. This can make it particularly difficult for aspiring first-time home owners. With this in mind, we’ve outlined some strategies for getting into the property market

1. Do your research and surround yourself with information

Buying property can be complex and with a high-performing market, it pays to educate yourself and better understand the costs and expenses associated with buying, as well as the gains you might make. Ensure you know the fee structure for making the purchase and also be aware of how those fees might change over time. Also research the areas to buy in – consider lesser-known suburbs with longer-term potential, as the gains could be better in the future and you might not have to spend as much to get into that particular area.

2. Learn to budget wisely

Investing in property, whether your first home or a rental opportunity, is a major decision so it’s important to only enter into it once you know that you have the finances to do so. This means looking at your personal budget to understand your income and outgoings so you can determine the amount to borrow, the deposit to put down and the size of property you can realistically afford to pay off over time. Use the Qantas Credit Union budget planner to get a clear picture of you income & expenses.

3. Start banking your money early on

Any property investment strategy has to be based on the amount of money you’re saving and then putting down as a deposit. When you revisit your budget, ensure that you’re allocating a decent amount to a high interest savings account and if you’re due a tax refund or other injection of cash, make sure the lion’s share goes into this account. If you already own property, you might be able to use the equity from your home as a future deposit but it still makes sense to save, especially when it comes to preparing for property maintenance costs and other unexpected expenses.

4. Get professional advice and find the right home loan

You can get your information online and learn from family and friends personal experience, but also speak to the experts – from accountants to financial planners. You need to compare the home loans available to you and find the best deal on a loan that fits your needs – and one that you can afford. Visit the Qantas Credit Union website or speak to one of our home loan experts to find out about our large range of home loan products. If you’re a first-time buyer, you might need the help of a guarantor to borrow. Regardless of the arrangement, you must be comfortable with the repayment schedule and the ways in which it could change if interest rates move up or down –always borrow within your means!

5. Plan for the longer-term and stay focused

Getting into the property market is a serious business and shouldn’t be seen as a chance for a quick return. With the market often going through cycles – from boom times to flatter periods, it pays to stick with it and you should aim to hold on to a property for at least 5-10 years to make the most on your investment. Buying a property will involve sacrifices to find the cash you need to get into the market and it won’t always be easy. You should stay focused and committed to the end goal – that is, owning your own property and having a foot in the door in a surging market.

If you’d like to talk to us about your home loans, savings and financial planning options call us on 1300 747 747 or visit

Qantas Credit Union

The information in this article is of a general nature and does not constitute as advice in relation to any investment or purchase. It has been produced without taking into consideration your personal financial circumstances, objectives or needs. Prior to making any decision you should conduct your own investigation and analysis of any benefits or costs. You should seek your own independent legal and financial advice. You should also read the Product Disclosure Statement (PDS) available on our website before applying for financial products and services. Normal lending criteria apply to loan applications. Terms and conditions apply and are available on request. Qantas Staff Credit Union Limited trading as Qantas Credit Union ABN 53 087 650 557, AFSL/Australian Credit Licence 238305.