Buying your own home remains the ‘Great Australian Dream’. But knowing when is the right time to take the plunge and take your first steps on the property ladder is not always clear-cut.

It may be a flatmate has moved out motivating you to buy your own place. It could be you are set for a major life change such as getting married or starting a family. Or it could have started subtly with an interest in watching home decorating shows or attending local open inspections and thinking it’s time to make a move.

Whether it’s a two-bedroom villa in a leafy outer suburb, a studio apartment in the city, or a rustic homestead set an acre or two, there are options all around you. It may be that you are considering purchasing a more affordable property interstate and renting it out until you can purchase closer to home.

But how do you know if you’re actually ready to buy a house? Let’s take a look at the things that best indicate that you are on the target to take this important and exciting step.

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