Find a Top Buyers Agent

The process typically includes budgeting, securing pre-approval for a loan, searching for properties, attending inspections, making an offer, conducting due diligence, signing contracts, and finalizing the purchase with settlement.

You can secure financing by obtaining a mortgage from a bank or lender. This involves submitting an application, providing financial documents, and getting pre-approval before making an offer on a property.

The First Home Owner Grant (FHOG) is a government initiative to assist first-time homebuyers. Eligibility criteria vary by state and territory, but generally include being a first-time buyer of a new or substantially renovated home.

Established homes are existing properties that may have historical value and established neighborhoods, whereas new builds are newly constructed homes with modern designs and warranties but may lack mature infrastructure.

Look for agents with strong local market knowledge, good reviews, and a solid track record. You can also use platforms like AgentsNear to connect with vetted and reviewed agents.

Key areas to check include structural integrity, plumbing, electrical systems, roof condition, pest control, and any signs of dampness or mold. Hiring a professional inspector is also recommended.

Stamp duty is a tax on property transactions imposed by state governments. The amount varies based on the property value and location. Some states offer concessions for first-time buyers.

Ongoing costs include mortgage repayments, council rates, utilities, maintenance, insurance, and potentially body corporate fees if you buy a strata property.

Research comparable properties, understand the local market conditions, be prepared to make a realistic offer, and be ready to walk away if the terms aren't favorable. A good agent can assist in negotiations.

A cooling-off period is a specified time frame after signing a contract during which the buyer can cancel the purchase without significant penalty. The duration and conditions vary by state.

Yes, it's advisable to hire a lawyer or conveyancer to handle the legal aspects of the transaction, including contract reviews, title searches, and settlement arrangements.

Risks include bidding beyond your budget, buying without a cooling-off period, and not having a thorough understanding of the property’s condition. It’s crucial to do your homework and set a firm budget before participating in an auction.