First-Home Buyer Mistakes to Avoid

Published: 15 April 2025

Buying your first property is a milestone, but it’s easy to make missteps along the way. Keep these tips in mind to stay on track:

Skipping pre-approval: Know your borrowing capacity before you start shopping.
Overlooking additional costs: Budget for stamp duty, legal fees and inspections.
Ignoring future plans: Consider how long you’ll stay in the property and potential lifestyle changes.
Not seeking advice: A broker can compare lenders and structure your loan effectively.

Organise building and pest inspections early. Identifying issues upfront gives you leverage to negotiate or walk away before you’re committed.

This article provides general information only. For personalised guidance, talk to a mortgage broker.