Our Check A Property tool is designed to assist you in your home-buying experience. It provides property details on your dream home including property features, estimated property value, property history and local market activity. It also helps you estimate your affordability to buy your dream home, based on your financial situation.
How to use the Unloan Check A Property tool in four simple steps
Enter the property address in the search bar
As you enter the property address, a drop-down list of properties will populate
Select your desired property from the list
You’ll be able to view the details of the property
What do you see on the Unloan Check A Property tool?
After searching a property, you’ll be able to see all property details held by Domain including:
Listing details including when the property was last sold
Property features including land size, number of bedrooms, bathrooms and car spaces
Auction details such as date and time of the auction
Estimated property value so you can get an understanding of how much the property could be worth
Property history including the rental and selling history of the property, and changes in pricing over time
Local market activity so you know what’s for sale or rent, and has recently sold
Learn more about property reports and what to expect here.
Understanding the affordability widget
The affordability widget can help you quickly estimate whether the property you’re researching is within your budget. Based on info you enter, you’ll get an estimate of:
The LVR required and how much deposit you’ll need
The upfront costs including stamp duty, estimated conveyancing costs, etc
The fees including government fees
How much you would need to borrow to purchase the property
What your monthly repayments could look like
This helps you estimate your overall affordability towards your selected property.
How is savings calculated?
When researching properties on Unloan’s Check A Property tool, the displayed savings amount is automatically set to the minimum required amount to meet Unloan’s loan-to-value ratio (LVR) criteria, based on the estimated property value. You can adjust the savings amount to reflect your circumstances which will help to more accurately estimate your affordability. If you have more savings, this could help reduce the amount you need to borrow, resulting in a lower LVR. On the flip side, if your savings are limited, your deposit will be smaller and this means you'll need to borrow more, increasing the LVR.
Don't have a 20% deposit? Here are five things to consider.
How do you calculate my available deposit?
Your available deposit is calculated by taking into account the savings you have entered and estimated upfront costs needed to complete the property purchase. To see a breakdown, select ‘See Calculations’ within the affordability widget.
How do I calculate my borrowing power?
Within the affordability widget, there will be an option to calculate your borrowing power. Hit the ‘Calculate’ button and
Select your loan purpose
Indicate who the loan is for – is it just you, or do you have a co-borrower?
Provide your income details and expenses
Hit ‘Calculate’
You’ll be shown your estimated borrowing power, based on the information you have entered
If you need to recalculate your borrowing power, you can select ‘Change my financial details’.
Learn more about borrowing power, how it’s calculated and factors that impact your borrowing power, here.