If you’ve recently separated or gone through a divorce and are now trying to figure out your next move – financially, emotionally, or physically -first, take a breath. This post is for you.
As a mortgage broker, I’ve worked with many clients in this exact situation. But I also want you to know something important:
You’re not alone. And you’re not behind.
The road ahead might feel overwhelming, but with the right advice and a clear plan, it’s absolutely possible to move forward – with confidence and clarity.
Here’s the honest advice I give my closest friends going through a major life change like this.
1. Start Where You Are - Not Where You Think You Should Be
You might be comparing yourself to others who already have their “next place” sorted. But everyone’s timeline is different.
Maybe you’ve received a settlement, or you’re still working through financial separation. Maybe your income situation has changed, or you’re now on a single income with kids to support.
Wherever you’re at – we work from there. No pressure, no judgement.
2. Get Clear on Your Borrowing Power (It’s Probably Not What You’ve Googled)
Online calculators rarely account for your actual situation. Things like child support income, spousal maintenance, Centrelink payments, or being self-employed after a break can all be assessed very differently by lenders.
Some banks won’t accept those income streams at all. Others are far more flexible.
That’s why getting advice early makes such a difference – our team can tell you what’s realistically possible before you start emotionally investing in properties.
3. Don’t Be Afraid to Think Small.....For Now
This is your stepping stone property, not your forever home. Even if it’s a smaller space, or further from where you’d ideally love to live, the goal is security and a fresh start.
And once you’re back in the market? That equity can be used to grow again later.
I’ve had clients who bought a modest unit post-divorce and used the equity from that property 3–5 years later to upgrade, invest, or even build their dream home. That first move counts.
4. Structure Your Loan for Flexibility (and Sleep at Night)
After separation, financial stability matters more than ever. I’ll often recommend:
Offset accounts to give you more control
Interest-only periods if you’re adjusting to a new budget
Flexible redraw for unexpected expenses
Or even splitting the loan to manage risk
Your loan structure should match your life, not the other way around.
5. Get a Team That Understands You
You might also be dealing with lawyers, accountants, or financial planners. I work with many of these professionals and can help coordinate with your support network so nothing falls through the cracks.
And if you don’t have that team in place yet, we can point you in the right direction.
Final Thoughts
Buying on your own after a split is more than a financial decision, it’s a huge emotional leap.
You might feel unsure, anxious, or even guilty about what comes next. That’s normal.
But I promise you this: You can rebuild. You will find your feet. And you don’t have to figure it out alone.
If you’d like to talk it through – judgement-free and obligation-free – we are here.
Disclaimer:
This information is general in nature and does not constitute financial or legal advice. Your personal circumstances, objectives, and financial situation should always be considered before making any decisions. Pre-approval conditions and eligibility vary by lender and are subject to change.
