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Going on the hunt to purchase the best property can be confusing for first-time homebuyers. The vast market of real estate offers high levels of thrill and excitement, yet it can also be a very overwhelming process. After all, buying properties is deemed as one of the most significant investments you could make.


It can be challenging to begin the process, but there’s no need to panic. You can always consult with a real estate broker who can guide you to the right steps and sift through the various choices available. To help you get started, here are four crucial  things you must consider as a first-time homebuyer:

  • Your Savings


We all have our financial goals, but saving up for deposits can stall your journey to reaching said goals. When considering your savings, remember to first assess your financial standing. To gain more control over your money, make it a habit to stow away small portions each pay cycle may help you stay on track. Try this out consistently to build the normalcy of sticking to budgets and bettering your chances of purchasing your first house.

  • A Filter System


It is common to be perplexed by the homebuying process. Make sure to create a strict filter system to avoid any obstacles that may cause confusion throughout your purchasing journey. This way, you get to stick to what you really want, such as specific details like lot sizes, pricing, location, etc. Doing so allows you to confidently navigate the mortgage market. Enlisting an experienced broker for competent advice can also do wonders!

  • Your Eligibility


In addition to your home search, you’ll need to understand the most recent government schemes or grants. It is critical to know whether you are eligible for help and which options are available to you as a first-time homebuyer. Your Aussie broker can aid you in understanding what you are qualified for and assist you in the application for programs or grants that can help speed up the process of purchasing your first property.

  • Your Timeline


Your life timeline matters when it comes to making big investments. Make sure to have a clear mind when considering what’s essential to your lifestyle. Simplify the process by sorting through your wants, such as your plans of growing a family in this house, whether you need to be close to schools, and whether you need a spare room for future children or visitors.


Asking yourself the right questions allows you to focus and save a lot of time when you start the search. Just make sure that you are grounded in your priorities, not easily swayed by emotions when making tough calls!




With all of the time, patience, and control required to save, study and find a home, it's critical that you only buy a property that you will cherish. By considering these four things, you’ll be safely guided to your dream home. 


In case you need any more assistance, speak with a professional broker about identifying areas or types of houses that have the potential to appreciate over time. This way, you don’t only buy a house—you increase your investment over time.


Are you looking for versatile mortgage brokers? Wealthy You is an Australian mortgage company that specialises in home refinancing and can offer you a variety of mortgage solutions. Our team also comprises professionals who have been in the industry for almost a decade. If you want to know more, contact us for an obligation-free meeting!