A quick guide to first homeowners

Buy from a reputable project team.

It is crucial to buy from a credible developer as they will deliver on the promise of their product, quality and timeframe of completion. Having a solid team of architects, designers, project managers, and builders will also ensure the ensuing value of your property. 

Choose the suburb best suited to you.

A great way to know if a suburb is perfect for you is to explore the neighbourhood and experience the life you might live. Take a stroll down the streets, hop on the nearest train and trams, take a jog around the nearby park or dine in the local eateries. Whether you are moving for the schools or the nearby amenities, you should choose the area best suited to your lifestyle. 

Make sure the house meets your needs.

Everyone has different needs and wants in a house: the number of bedrooms, the size of the property, an outdoor space, security of the building, amenities within the property, etc. It is also vital to future proof your home. For example, you may need more bedrooms if you plan to start a family or if you have frequent travelling visitors.

Do research into government grants.

There are constantly new and ongoing grants and concessions for Australia and New Zealand citizens and permanent Australian residents. It is worth researching what is available and your eligibility for any grants. A few examples are the First Home Owners Grant, the off-the-plan concession and Homebuyer Fund. These subsidies are a great way to kick start your first homeownership dream. 

Get your finances in check.

Buying your first property can be a daunting experience, especially when financing it. Speaking to a broker or a bank before looking at properties can give you the confidence you need to know what you can afford and the price range you are comfortable with, making the process much more manageable.