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June 24, 2025, 3:36 p.m.

Seven Essential Tips for First-Time Buyers

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Buying your first home? These tips will help you move with confidence and clarity.

Entering the property market for the first time can feel overwhelming but it doesn't have to be. With the right preparation and a little expert guidance, you can avoid common pitfalls and make a smart, stress-free move.

Here are seven essential tips to help you buy your first home with confidence.


1. Get clear on your budget early
Before you start browsing listings, understand exactly how much you can afford to borrow and repay. Speak with a broker or lender to get pre-approval, and factor in:

  • Deposit
  • Stamp duty
  • Legal fees
  • Lender’s Mortgage Insurance (if applicable)
  • Ongoing costs like strata, rates, and insurance

🔗 Talk to Highland’s finance specialists


2. Research the market thoroughly
Don’t rush. Take time to understand:

  • Local suburb trends
  • What your budget buys in different areas
  • The difference between houses, apartments, and townhouses
  • Average days on market and recent sale prices

Knowledge is power—and helps you make confident offers.


3. Make the most of government support
First-time buyers in Australia may be eligible for:

  • First Home Owner Grant (FHOG)
  • Stamp duty concessions
  • First Home Guarantee (low deposit options)
  • Regional and new home incentives

Check what applies to your situation, these schemes can make a big difference.

4. Surround yourself with trusted experts
You don’t need to do it alone. Work with professionals who have your back:

  • Buyer’s agent
  • Mortgage broker
  • Solicitor or conveyancer
  • Building and pest inspectors

At Highland, we connect you with the right people every step of the way.


5. Understand what you’re really buying
Always read the contract, and don’t skip building and pest inspections. It’s crucial to know:

  • The condition of the property
  • What’s included in the sale
  • Any zoning or title restrictions
  • Potential issues that could affect value or livability


6. Keep emotion in check
It’s easy to fall in love with a home but stay focused on your budget and long-term goals. Be prepared to walk away if the numbers don’t stack up or bidding gets too competitive.


7. Think beyond the purchase
Once you're in, consider:

  • Home and contents insurance
  • A maintenance plan for your property
  • Future plans (e.g. will you outgrow the home?)
  • Whether you’ll want to rent it out in the future

Buying a home is just the beginning planning ahead ensures it stays a smart move.


Ready to take your first step?
At Highland, we’re proud to help first home buyers find their feet in the market. With expert advice, local knowledge, and full-circle support, we’ll help you make your first purchase the right one.

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The Highland Difference

Client peace of mind and property success are at Highland’s core. With an exceptional reputation for providing client-centred services, achieving optimal results and delivering a seamless real estate experience, expect premium results as you experience the Highland Difference.